InternationalMonday, 3 August 2026·The Hindu - International
Japan-U.S. joint yen intervention: 2011-style coordinated currency action and BOJ rate-watch
Japan confirmed a coordinated yen-buying intervention with the U.S. on 3 August 2026, the first such joint action since 2011, and signalled more steps if needed.
Key highlights
Direct fact
On August 3, 2026, Japan’s Finance Ministry confirmed a coordinated yen-buying intervention with the U.S. Treasury Department, the first joint action since 2011, to curb the yen’s slide to fresh 40-year lows.
Key specifics
- The joint intervention was confirmed by Japan’s Finance Ministry on August 3, 2026.
- It was described as the first coordinated action since 2011.
- The dollar fell 0.6% against the yen to an intraday low of 156.50 on August 3, 2026.
- Japan’s June rate hike took the Bank of Japan’s policy rate to a 31-year high of 1%.
- Japan may have sold as much as $58.97 billion to buy yen in New York markets on Thursday, according to BOJ data.
Exam lens
Question type: International finance and currency policy, key facts: joint intervention, 2011 comparison, 156.50 yen level, BOJ 1% rate, $58.97 billion estimate. TNPSC one-liner: Which two countries conducted a rare coordinated currency intervention to support the yen?