Forex
US and Japan Unite Against Yen Slump
The US and Japan have launched a rare joint effort to strengthen the yen, marking their first such coordination in nearly three decades.
The move aims to halt the currency's slide and curb excessive volatility after it hit a fresh 40-year low.
Japan has struggled with an accelerating decline in the yen, which has increased the cost of imported goods for businesses and consumers.
The Bank of Japan's low interest rates and high public debt exceeding 200% of GDP have contributed to the yen's decline.