BusinessJapan
U.S. and Japan Buy Yen Together as Dollar Falls From 163 to 156
Japan confirmed coordinated yen buying with the U.S. after the dollar traded above 163 yen. The intervention amount will be disclosed later.
Business
Japan's 1% Interest Rate Is Really a Test of Whether the BOJ Can Tighten Without Losing the Yen
The Bank of Japan's June 16 move to 1% was a milestone, but not a victory lap. It was a credibility decision meant to show Tokyo can respond to oil-driven inflation and yen weakness before both become harder to control.