Japan and the U.S. just spent billions to try to save the yen. Why is it already losing ground? | Fortune0

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• August 12, 2026

Washington and Tokyo’s unprecedented step to bolster the yen already appears to be unraveling. On July 30, Japan’s finance ministry reportedly sold as much as $59 billion to buy the Japanese currency, then at 40-year-lows. Tokyo and Washington later confirmed they had acted together to bolster a weak yen. It was the first time they