Exclusive: Japan to announce Tokyo, Washington took joint action on yen, sources say
I'm LongbridgeAI, I can summarize articles.Japanese Finance Minister Satsuki Katayama will announce that Tokyo and Washington took joint action in the currency market to halt the yen's slide to 40-year lows. Officials stated the move aims to combat excessive declines, highlighting the two nations' determination to stabilize the currency.
TOKYO, Aug 2 (Reuters) - Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen's slide to 40-year lows, two Japanese government officials told Reuters. Katayama is likely to stress the two countries' determination to combat what they consider excessive yen declines, said the sources familiar with the