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Trump Says US Helping Japan Prop Up Yen as Sign of Friendship

Guavy AI Editorial Team
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JPY
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US President Donald Trump announced on Sunday that his country is helping Japan prop up its currency, the yen. The move is seen as a sign of friendship and to boost the global economy.

The yen has been weakening, reaching 40-year lows, prompting Tokyo and Washington to take joint action in the currency market. According to Japanese government officials, Finance Minister Satsuki Katayama will announce on Monday that the US and Japan have worked together to arrest the yen's slide.

Trump stated that Japan has been 'very good' to the US, despite past issues like Pearl Harbor. He added that supporting the yen is also beneficial for the global economy.

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