Japan - U.S. cooperate on market intervention measures | Vietnam Today

追加: 2026-05-16

[00:00:00]On May the 12th, the finance ministers of the United States and Japan held talks in Tokyo with one of the key agenda items being the confirmation of cooperation on exchange rate trends, as well as market intervention measures aimed at curbing the yen's depreciation.

[00:00:15]Our reporter Quang Hung has the details from Japan.

[00:00:21]At a press conference following the meeting, Japanese Finance Minister Satsuki Katayama confirmed cooperation with the United States on financial markets.

[00:00:32]Saying that Japan had received full understanding from Washington.

[00:00:36]The remarks suggest that the US side has approved yen buying intervention measures being carried out by the Japanese government and the Bank of Japan. Japanese authorities were previously believed to have intervened in the currency market several times, including on 30 April and on 1, 4, and 6 May, coinciding with Japan's Golden Week holiday.

[00:00:59]The scale of the intervention is estimated at up to 10 trillion yen, or about 67 billion US dollars, sending the yen sharply higher to 155 against the dollar on 6 May. Notably, on 7 May, although the Nikkei index rose strongly to a record high on positive sentiment surrounding technology, artificial intelligence, and expectations of easing tensions in the Middle East, mining and export-related shares generally declined. This marked a reversal from the gains seen during the period of soaring energy prices and a weaker yen.

[00:01:36]According to assessments by Japanese newspapers, the market intervention measures taken by the Japanese government are only temporary in nature.

[00:01:45]Once these measures reach their limit, it is understandable that the Bank of Japan would raise interest rates.

[00:01:51]Quang Hung, this is Vietnam Television's resident correspondent reporting from Tokyo, Japan.