Japan confirmed on August 3, 2026, that it carried out a joint currency market intervention with the United States, aimed at propping up the yen's value amid what Tokyo described as excessive volatility in the exchange rate.
Finance Minister Satsuki Katayama vowed further coordinated action if conditions require it, the Financial Times reported. The BBC News called the move a rare coordinated step between the two countries.
Both governments stated they would be willing to intervene jointly again in the future, according to BBC News.