Trump Touts Yen Intervention as Show of Friendship with Japan
President Donald Trump said that the US involvement in a currency-market intervention last week was a sign of friendship with Japan and aimed at helping the global economy. The intervention lifted the yen, which had been weakening against the dollar.
Trump made these comments aboard Air Force One on Sunday, citing the 'good relationship' between the US and Japan. He also mentioned the country's support during times of need, referencing the exception of Pearl Harbor.
The President did not provide further details about the intervention or its specifics. However, he emphasized the importance of the US-Japan alliance in maintaining global economic stability.
Trump's comments come as some analysts had been warning about the risks of currency manipulation and its potential impact on the global economy.