The Japanese yen reached a three-month high against the US dollar after Japan and the US conducted a rare joint currency intervention to support the yen, which had weakened to a 40-year low. Both nations confirmed further action if needed, while analysts offer mixed views on the long-term impact.
Washington joined Japan in a rare coordinated intervention to support the yen, which hit a four-decade low. Analysts suggest US concerns over Treasury markets and Japan's financial stability, alongside geopolitical priorities, motivated the move.
China's anger has strained relations with Japan over the past seven months, leaving Tokyo feeling betrayed. The US has struggled to mediate, adding to regional tensions. Analysts suggest this is influenced by both strategic calculations and President Trump's personality.
A Chinese analyst warns that the US deployment of the Typhon missile system to southern Japan could threaten China's coastal cities and block vital maritime passages. The missile launcher is expected to be positioned at Kanoya Airbase in Kagoshima prefecture.
Global attention is fixated on Japan’s strategic shift under Prime Minister Sanae Takaichi. From the strengthened US-Japan alliance to the tense stand-off with China, from advocating for constitutional reinterpretation to allowing weapons exports and deploying counterstrike capabilities – these moves have been dissected in capitals worldwide. But the real, and more decisive, story is unfolding on Japan’s home front. The domestic dynamic driving this change is often a footnote, yet it is the...
