Tokyo [Japan], August 3 (ANI): Japan and the United States carried out a uncommon coordinated yen-buying intervention to curb forex volatility, with Tokyo stating additional motion shall be taken if wanted and signalling plans to make use of the Federal Reserve’s FIMA Repo Facility, as per a press release by Japan’s Ministry of Finance (MOF Japan) on Monday.
The Ministry has said that it might take additional motion if vital, additional indicating its plans to make use of the Federal Reserve’s Foreign and International Monetary Authorities (FIMA) Repo Facility.
‘Japan plans to make the most of the Federal Reserve’s ‘Foreign and International Monetary Authorities Repo Facility’ (FIMA Repo Facility) sooner or later,’ it mentioned.
The coordinated intervention was carried out consistent with the Japan-U.S. Finance Ministers’ Joint Statement issued in September 2025, in response to current extreme volatility and disorderly actions within the yen.
‘This joint motion was taken pursuant to the U.S.-Japan Finance Ministers’ Joint Statement issued in September 2025 and countered extreme volatility and disorderly actions within the Japanese yen in current months,’ the Ministry famous.
The Ministry mentioned that on Friday, July 31, Japan’s Ministry of Finance performed yen-buying intervention in coordination with the U.S. Department of the Treasury.
It confirmed, ‘The Ministry of Finance of Japan is carefully monitoring the scenario and sustaining tight communication with the U.S. Department of the Treasury,’ stressing, ‘We won’t hesitate to hold out additional coordinated interventions sooner or later if vital.’
In a current growth, the Japanese authorities minimize its financial development forecast for the present fiscal yr to 0.9 per cent from 1.3 per cent, citing the impression of upper crude oil costs on the import-dependent financial system, Kyodo News reported.
The authorities mentioned a weaker yen towards the US dollar and elevated crude oil costs stemming from the battle within the Middle East pose dangers to financial development. (ANI)