Japan to Vow Coordination with US on Weak Yen in Historic Battle The yen's recent free fall has sent shockwaves through the global economy, pushing up import prices and stoking inflationary pressures in Japan.
Tokyo and Washington are expected to announce a joint effort to arrest the yen's decline, marking a significant shift towards rare bilateral coordination on currency markets.
Finance Minister Satsuki Katayama's decision to reveal the extent of US Japan cooperation on the yen's value is seen as an attempt to send a strong signal to investors and the global community that the two nations are united in their efforts to stabilize the currency.