Japan and U.S. Conduct Coordinated Yen-Buying Intervention

Japan's finance ministry said it had carried out a coordinated yen-buying intervention with the United States on Friday, targeting what it called recent excessive and disorderly movements in the yen.

Policymakers stressed they would not hesitate to execute additional joint forex intervention with the U.S. if needed.

The action underscores efforts to stabilize the yen amid persistent weakness and signals close coordination between Tokyo and Washington on currency matters.