Japan and U.S. announce joint yen intervention to curb 40‑year slide

Japan United States yen intervention Satsuki Katayama Scott Bessent

Japan’s Finance Minister Satsuki Katayama is set to announce that Tokyo and Washington carried out a coordinated yen‑buying, dollar‑selling intervention in New York on July 31, 2026 – the first joint action since 2011. The move was aimed at halting the yen’s slide to 40‑year lows, after the currency fell to around ¥164 per dollar. Japanese authorities sold up to $58.97 billion of dollars to buy yen, while U.S. Treasury Secretary Scott Bessent was photographed with a handwritten note to purchase $5‑10 billion of yen and the Treasury told a number of banks to stand ready for further action.

The Bank of Japan kept monetary policy steady but signalled a strong chance of an early rate hike, and South Korea also intervened to support its won. Following the intervention the yen strengthened to roughly ¥156‑¥157 per dollar, its strongest level since early May, easing import‑price pressures and providing a boost to households and businesses that had been hit by the currency’s weakness.

Entities

Bank of Japan · Japan · Japanese Ministry of Finance · Japanese yen · New York Federal Reserve · Satsuki Katayama · Scott Bessent · Tokyo · U.S. Treasury · U.S. Treasury Department · U.S. dollar · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[● 23 SOURCES] Treasury Secretary Scott Bessent had a notepad reading “Buy Japanese Yen (JPY) $5‑10 bil”. www.negocios.com · www.dailynewsegypt.com · www.seoul.co.kr · wkzo.com · wsau.com · +11 more
[● 13 SOURCES] Japan spent an estimated ¥8.45 trillion (≈ $52.8 bn) on a single‑day yen intervention, its largest on record. www.negocios.com · www.dailynewsegypt.com · www.seoul.co.kr · wkzo.com · wsau.com · +1 more
[● 23 SOURCES] Following the intervention, the yen rose to around ¥157 per dollar, its strongest level since early May. www.negocios.com · www.dailynewsegypt.com · wkzo.com · wsau.com · www.japantimes.co.jp · +10 more
[● 19 SOURCES] The 31 July joint intervention was the first US‑Japan foreign‑exchange cooperation since the 2011 Great East Japan earthquake. www.seoul.co.kr · www.dailynewsegypt.com · wkzo.com · wsau.com · www.japantimes.co.jp · +7 more
[● 17 SOURCES] Japanese Finance Minister Satsuki Katayama participated in the yen intervention. www.dailynewsegypt.com · wkzo.com · wsau.com · www.japantimes.co.jp · haber.doviz.com · +5 more
[● 20 SOURCES] The yen rose to around ¥157 per dollar, its strongest level since early May. www.negocios.com · www.dailynewsegypt.com · www.seoul.co.kr · wkzo.com · wsau.com · +8 more
[● 22 SOURCES] The U.S. Treasury informed a number of banks to “stand ready for future action” on yen market intervention. www.dailynewsegypt.com · wkzo.com · wsau.com · www.japantimes.co.jp · haber.doviz.com · +9 more
[● 21 SOURCES] The New York Federal Reserve sold euros to buy yen on behalf of the U.S. Treasury. www.dailynewsegypt.com · wkzo.com · wsau.com · www.businesstimes.com.sg · www.japantimes.co.jp · +9 more
[● 10 SOURCES] Japan’s government conducted yen‑buying, dollar‑selling intervention in New York hours on Thursday. www.japantimes.co.jp · wkzo.com · www.adnkronos.com · haber.doviz.com · www.vol.at
[● 18 SOURCES] Japanese Finance Minister Satsuki Katayama will announce that Tokyo and Washington took joint action to arrest the yen’s slide. www.japantimes.co.jp · haber.doviz.com · www.vol.at · www.merkur.de · www.businesstimes.com.sg · +5 more
[● 11 SOURCES] Japanese Finance Minister Satsuki Katayama will announce the joint action on Monday. www.japantimes.co.jp · www.adnkronos.com · haber.doviz.com · www.vol.at · www.merkur.de · +4 more
[● 9 SOURCES] Japan and the United States took joint action in the foreign‑exchange market to arrest the yen’s slide to 40‑year lows. www.japantimes.co.jp · www.adnkronos.com · haber.doviz.com · www.vol.at · thesheffieldpress.com