A Currency of Convenience: What's Behind the US Japan Intervention? The weakening dollar against the Japanese yen has been a long standing concern for Tokyo.
Recent market interventions have brought this issue to the forefront once again, with President Trump announcing that both sides had intervened in markets.
However, behind the scenes efforts to stabilize exchange rates have been underway for some time. A weak yen has significant implications for Japan's economy, particularly when it comes to import costs.