Japan, U.S. Coordinate to Stabilize Yen
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Insights by Echo AI
Japanese Finance Minister Satsuki Katayama is set to announce that Tokyo and Washington have taken joint action in the currency market to arrest the yen's slide to 40-year lows. The coordinated intervention, which is still ongoing, aims to curb the yen's weakness. Katayama has accepted further coordinated intervention without hesitation.
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