The dollar has been the world’s reserve currency since 1944. For most of a century, the dollar’s global dominance has helped the United States stand […] Source
To restore economic sovereignty, something more than currency intervention is required. The post Japan and America Should Join Forces to Fight Financial Globalization appeared first on The American Conservative .
Japan Japan and America Should Join Forces to Fight Financial Globalization To restore economic sovereignty, something more than currency intervention is required. (Jim WATSON / AFP via Getty Images) “This is the completed form of the Japan-U.S. currency alliance.” So declared Atsushi Mimura—Japan’s vice minister of finance for International Affairs and the top official supporting Finance Minister Satsuki Katayama on exchange rate policy—during the coordinated Japan-U.S. currency intervention (specifically, the purchase of yen and selling of dollars) carried out in July. The intervention, which was the work of…Open
Japan’s finance minister, Satsuki Katayama, is under pressure to strengthen the yen while balancing competing demands from the prime minister and Washington.
New financial technologies are making it faster and cheaper to move money across borders, seemingly reducing the world's reliance on the dollar . - But new research presented at the Jackson Hole symposium suggests financial innovation may instead tighten the dollar's grip on global finance. - Financial innovation is the theme for the annual gathering of central bankers, where they're grappling with how these technologies reshape the financial system. Why it matters: Dollar dominance gives the U.S. enormous financial clout and helps keep demand for its debt strong. - If the paper is right, stablecoins and other forms of tokenized money could strengthen that position, even as concerns grow about America's fiscal health. What they're…
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
Aired On: 8/3/2026
State of the Union: The U.S. and Japanese central banks jointly bought yen in an attempt to shore up Japan’s weakening currency. The post U.S. and Japan Intervene to Prop Up Yen appeared first on The American Conservative .
President Donald Trump said Sunday that the United States had joined Japan in buying yen to halt the currency’s persistent slide, marking the allies’ first coordinated monetary intervention since 2011. Trump called the purchase a “signal of friendship” that would benefit both the United States and the global economy. “We’re always there for Japan,” he told reporters aboard Air Force One, adding that Japan had also been good to the United States “with the exception, of course, of Pearl Harbor.” Japan’s Finance Ministry said it purchased yen Friday in coordination with the U.S. Treasury to counter “excessive volatility and disorderly movements.” Japan’s Finance Minister Satsuki Katayama and Treasury Secretary…Open
U.S. and Japanese officials confirmed on Sunday that the Treasury Department had moved last week to help the currency.
Eager to keep capital within its borders, China is restricting the ways individuals can engage with global markets.
Beijing says the changes are needed for national security, but they could complicate efforts by Chinese companies to find growth overseas.