DAILYCALLER (Jack McGeever) - Why What Happens In Japan’s Debt Market Matters To You
Japan’s weakening yen could hit Americans by driving up U.S. borrowing costs and triggering turmoil across global markets.
NYTIMES (River Akira Davis, Kiuko Notoya and Hisako Ueno) - Satsuki Katayama, the Woman at the Center of Japan’s Currency Fight
Japan’s finance minister, Satsuki Katayama, is under pressure to strengthen the yen while balancing competing demands from the prime minister and Washington.
AXIOS (Neil Irwin) - The message beneath the yen intervention
The U.S. and Japanese governments have acted together to try to prop up the value of the yen on global currency markets. The way they did it contains a clue about U.S. goals — and has some worrying implications for global markets. The big picture: Headline indicators have been steady across global financial markets this summer. Yet there are some signs of strains beneath the surface, particularly in the form of rising long-term borrowing costs at a time of elevated debt worldwide. - The U.S. participation in the yen intervention may have been an effort to enable the Japanese to smooth gyrations in their currency without creating more market pressure for Treasury bonds. - Japan has intervened in the market for the yen off and on for…
NYTIMES (Eshe Nelson) - Here’s Why the US Is Helping Prop Up the Japanese Yen
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
JUSTTHENEWS (Kevin Killough) - U.S. and Japan conduct coordinated yen-buying intervention to ease volatility of Japan's currency
Tokyo said that it wouldn't hesitate to conduct further interventions in the future, should they be needed.
NPR (The Associated Press) - U.S. dollar weakens sharply against the Japanese yen after market interventions
The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan's finance minister confirmed both sides had intervened in markets.
STRIPES (Seth Robson) - Declining yen likely means zero COLA for US troops in Japan | Stars and Stripes
The declining Japanese yen means many American troops stationed in Japan are likely to lose the allowance they receive to offset the cost of overseas goods and services, according to U.S. Forces Japan.
WAR (Air Force Staff Sgt. Skyler Combs, United States Forces Japan) - Reduction Expected for Japan Cost-of-Living Allowance Rates
Service members based in Japan will likely see a reduction in their overseas cost-of-living allowance because of a long-term drop in the value of the Japanese yen and a corresponding increase in the value of the dollar.