Archive · 3 Aug 2026
Japan, US Launch Rare Joint Yen Intervention, Signal More Action
Japan and the United States worked together to buy a lot of Japanese yen on July 31, 2025.
They did this because the yen was moving too much and people were worried.
Tokyo said it might use a special loan program from the U.S. Federal Reserve if needed.
This move followed a promise made by both countries in September 2025 to help keep the yen stable.
Japan also lowered its growth forecast for the year because oil prices are high and the yen is weak.
Japan and the United States carried out a coordinated yen‑buying intervention on July 31, 2025.
The intervention aimed to curb excessive volatility and disorderly movements in the Japanese yen.
Tokyo’s Ministry of Finance said it will use the Federal Reserve’s FIMA Repo Facility if needed.
The action followed a joint statement by U.S. and Japanese finance ministers issued in September 2025.
Japan cut its 2025 fiscal year growth forecast to 0.9% due to higher crude oil prices and a weaker yen.
- Who
- Japan's Ministry of Finance and the U.S. Department of the Treasury
- What
- Coordinated yen‑buying intervention
- When
- July 31, 2025
- Where
- Tokyo, Japan (in coordination with the U.S.)
- Why
- To curb excessive volatility and disorderly movements in the Japanese yen
- Date of intervention
- July 31, 2025
- Currency involved
- Japanese yen
- Countries
- Japan, United States
- Facility mentioned
- Federal Reserve's FIMA Repo Facility
- Growth forecast change
- 0.9% (cut from 1.3%)