US led January yen rate checks, eyed joint intervention with Japan, Nikkei reports - Reuters
US led January yen rate checks, eyed joint intervention with Japan, Nikkei reports Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Since both sides have various things we must protect, I believe we can say that we are each doing our jobs properly."
— Satsuki Katayama , Politician
"believed markets were misreading signals from Japan’s bond market and feared that higher global yields could undermine broader financial stability."
— Scott Bessent , Executive
""I have been in close communication with U.S. officials over the last four months, and our relationship has become even more tightly knit during this time.""
— Satsuki Katayama , Politician
""Since we both have our own responsibilities to protect, I think we are at a point where we can both say we are doing our jobs thoroughly.""
— Satsuki Katayama , Politician
""I vow to continue monitoring further developments and ensure the steady implementation of the investments Japan has pledged to make in the U.S.""
— Satsuki Katayama , Politician
""political vacuum""
— Scott Bessent , Executive
"Since both sides have various things we must protect, I believe we can say that we are each doing our jobs properly."
— Satsuki Katayama , Politician
Key People
Former president of the United States known for his aggressive economic policies.
Kazuo Ueda is the governor of the Bank of Japan.
Prime Minister of Japan re-elected by Parliament.
Japanese finance minister who has been in close dialogue with U.S. authorities.
Scott Bessent is the Treasury Secretary.
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<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxPeERvVVpuWVlDTUM1ZEdEQzZCemFma184ZkkzY0JPazZrRDlHRjVZNnhlbU91ZFpPU1VVTkhxYzBWc2pNblRpQ2tLVEd0dXhpakYzUVZUcDFILTlCNkZ2ZnZZRWRVYlBGMXRveU01WHRrbGl1eWJfRE03VTVSa3hZMElfX3V1WDk5VUNnYjNnV3hKLTRZQjROWmhjTDZsRC01U0JOQlpON0JsVE8xRWVITF9n?oc=5" target="_blank">US led January yen rate checks, eyed joint intervention with Japan, Nikkei reports</a> <font color="#6f6f6f">Reuters</font>
U.S. authorities initiated 'rate checks' in January to support the yen and were prepared for joint intervention with Japan if requested, according to Nikkei reports.
U.S. authorities took the initiative in conducting January 'rate checks' to prop up the yen and were ready to conduct joint intervention on Japan's request, the Nikkei newspaper reported on Tuesday, citing unidentified U.S. government sources.
U.S. Treasury Secretary Scott Bessent personally led a January 'rate check' on the yen during its sharp slide against the dollar, according to senior U.S. officials cited by Nikkei, in a move designed to stabilize markets rather than respond to a formal Japanese request.
U.S. authorities initiated 'rate checks' in January to support the yen and were prepared for joint intervention with Japan if requested, according to Nikkei reports.
U.S. authorities initiated rate checks in January aimed at supporting the yen and were prepared to conduct joint intervention if requested by Japan, the Nikkei newspaper reported on Tuesday, citing unnamed government sources.
U.S. Treasury Secretary Scott Bessent personally led a January 'rate check' on the yen during its sharp slide against the dollar, according to senior U.S. officials cited by Nikkei, in a move designed to stabilize markets rather than respond to a formal Japanese request.
U.S. authorities took the initiative in conducting January 'rate checks' to prop up the yen and were ready to conduct joint intervention on Japan's request, the Nikkei newspaper reported on Tuesday, citing unidentified U.S. government sources.
Japan continues to maintain a tight dialogue with the U.S. on foreign-exchange moves, Finance Minister Satsuki Katayama said Tuesday, as traders remain on alert about potential market intervention.
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