Story perspectives

Japan Reaffirms Yen Intervention After Trump Warns Weak Yen

By Drooid · Sep 25, 2026, 10:24 AM UTC · How we work

Summary

Story summary

Prime Minister Sanae Takaichi met President Donald Trump in New York, where Trump warned about yen weakness.
Finance Minister Satsuki Katayama said Takaichi called the yen problematic and reaffirmed the July 31 coordinated intervention.
The yen rose to about 158.33 per dollar, up from roughly 158.70 after remarks.
Bank of Japan raised its policy rate to 1.25% on Sept. 18, citing Kazuo Ueda’s indication of further hikes.

History

Historical Context

In 1998, after the Asian financial crisis, the United States and Japan jointly spent about $4 billion to buy yen, pushing the currency up more than 5 % in hours—the last U.S.–Japan coordinated intervention until July 2026. The current discussion between Japanese Prime Minister Sanae Takaichi and U.S. President Donald Trump revives that precedent as both leaders seek a similar coordinated response to the yen’s recent weakness.

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Story summary

Prime Minister Sanae Takaichi met President Donald Trump in New York, where Trump warned about yen weakness.
Finance Minister Satsuki Katayama said Takaichi called the yen problematic and reaffirmed the July 31 coordinated intervention.
The yen rose to about 158.33 per dollar, up from roughly 158.70 after remarks.
Bank of Japan raised its policy rate to 1.25% on Sept. 18, citing Kazuo Ueda’s indication of further hikes.

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