US Treasury Secretary Janet Yellen has expressed support for recent Japanese intervention in currency markets aimed at stabilizing the yen, which recently reached a 40-year low against the dollar. Yellen praised Tokyo’s efforts to counter what she described as “disorderly” yen movements. She also indicated readiness for the US to participate in further joint intervention if necessary, mirroring past actions. However, Yellen emphasized the need for stronger support from the Federal Reserve to effectively manage currency fluctuations and broader economic stability. This comes amid growing concerns about the yen’s weakness and its potential impact on the global economy. The US stance signals a willingness to cooperate with Japan to address currency imbalances but highlights a desire for a more robust response from the Fed. This intervention attempts to curb inflation and maintain economic order.

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