- 18 hours ago
八点最热报 | 阔别十五年，日美再次联手打响日元保卫战！日本财务大臣片山皋月证实，和美国财政部联手，大笔购入日元，干预汇市。这是2011年东日本大地震后，美国和日本第一次联合出手救日元。（主播：梁宝仪）
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00:00Before watching the video, please remember that trending websites offer more content.
00:04The yen broke through 163 against the dollar in July, hitting a new low in nearly 40 years.
00:10The underlying factors include the high interest rate differential between the US and Japan.
00:13The Bank of Japan has been slow to raise interest rates.
00:15The situation in the Middle East has further driven up energy import costs.
00:19Those triple pressures completely crushed the yen, which had once been a safe-haven currency.
00:23Faded base
00:24And right on the edge of this cliff
00:26A statement issued today by Japanese Finance Minister Takagaku Katayama
00:29The shoe has finally dropped in the foreign exchange market.
00:33Japan and the United States have begun to jointly intervene in the market to support the yen.
00:38On the surface, the emergency alliance between the US and Japan appears to be a war to defend the yen.
00:43This is not a routine operation.
00:45The last time the US and Japan joined forces to defend the yen was in 2011 during the East Japan Incident.
00:50During a major earthquake
00:51For a full 15 years after that, the central banks on both sides of the Pacific Ocean did not issue a joint statement.
00:55hand
00:55So why did the US intervene this time?
00:58Was it out of necessity or driven by self-interest?
01:03When asked about U.S. intervention aboard Air Force One, U.S. President Trump...
01:06What benefits are you hoping to gain?
01:07The answer that came out was very frank.
01:10He said it was for economic interests.
01:12He compared this intervention to the trade war between the United States and Argentina last year.
01:16Coin swap agreement
01:18That deal netted the United States $25 billion.
01:22The very next second after saying that, he abruptly changed his tone and began talking about US-Japan friendship.
01:26friendship
01:26And he didn't forget to add that Japan had always treated the United States well after Pearl Harbor.
01:31Trump's statement contained a business acumen.
01:35A sense of grace and the shadow of history
01:38This is the US-Japan exchange rate alliance in August 2026.
01:42Beneath the guise of warmth and salesmanship
01:44A cold, calculating power machine
01:49If we consider the Japanese yen as a patient suffering from long-term blood loss...
01:52This joint US-Japan intervention was a shot in the arm.
01:55The yen rebounded quickly and effectively.
01:59However, cardiac stimulants can never cure the root cause of the disease.
02:01The real problem is Japan's structurally destructive aging population and fiscal deficit.
02:06And that barrier between Tokyo and Washington
02:09The interest rate spread gap has never narrowed.
02:12So why are Japan and the United States putting on this show?
02:15The answer may lie precisely in
02:17This was never an operation aimed at curing.
02:21Instead, it was a battle to buy time by stopping the bleeding.
02:24A political performance aimed at
02:26For Japan, this is for the upcoming domestic election cycle.
02:30Give struggling small and medium-sized enterprises a chance to breathe.
02:33For the United States, this means using the yen exchange rate as leverage.
02:37Take it back into your own hands
02:42After 15 years
02:43Japan and the United States join forces again to defend the yen.
02:46Japanese Finance Minister Takagaku Katayama confirmed
02:49In conjunction with the U.S. Treasury Department, the government intervened by purchasing large amounts of yen.
02:53This is after the 2011 Great East Japan Earthquake.
02:56For the first time, the United States and Japan have joined forces to rescue the yen.
03:11The Japanese Finance Minister stated
03:13Both sides have begun to address the recent excessive volatility and disorder in the yen.
03:17trend problem
03:18It also hinted at the possibility of taking more aggressive and radical interventions.
03:22Meanwhile, U.S. Treasury Secretary Bessenter posted on the X platform, stating...
03:26Economic security is national security
03:28The US-Japan alliance is being built upon these two foundations.
03:31The United States will closely monitor developments.
03:34We will not hesitate to participate in further joint intervention operations.
03:37US intervention in the yen
03:39The yen's exchange rate hit a three-month high.
03:42The yen appreciated by as much as 1.23% in early trading.
03:46Reaching the 15.56 billion level
03:48US intervenes in Japanese exchange rate
03:50Does it relate to anything about the United States?
03:52When asked aboard Air Force One why the United States is willing to...
03:56Take action
03:57When supporting the yen exchange rate
03:58The answer is very direct.
04:00He stated that it was not merely for the purpose of maintaining good relations with Japan.
04:04Also for economic interests
04:30A word of friendship
04:31One sentence: economic interests
04:33Trump has laid his cards on the table.
04:35Trump mentioned that the US provided currency stabilization funds to Argentina last year.
04:39Fixed support
04:40Despite criticism from both parties in the United States and the resulting political controversy, the arrangements have been met with criticism and controversy.
04:44But Trump insisted
04:46The United States ultimately profited $25 billion.
04:49This quick calculation problem is not difficult.
04:52When a superpower is willing to step in without hesitation to help
04:55Was he saving an ally or his own investment?
04:59But can this intervention truly reverse Japan's long-term decline?
05:03The market's response may not be so optimistic.
05:49What the US wants is a controllable dollar.
05:52Japan needs breathing space.
05:54However, when the goals of both parties are not entirely aligned
05:57How far can this alliance go?
06:01Daily release of joint intervention signals
06:03It was like giving the yen a shot in the arm.
06:06This may lead to a short-term rebound.
06:08However, it is difficult to solve the long-standing problem of population aging that the Japanese economy has faced.
06:12Structural problems such as fiscal pressure and declining industrial competitiveness
06:17The yen may win in exchange rate terms for the time being in this battle.
06:21But the real deciding factor is never in the intervention statement.
06:25The real question is whether they dare to confront their own leaky ship in Tokyo.
06:33Will the US choose to intervene in the yen?
06:36US President Trump outwardly described it as a beneficial symbol.
06:39However, his own answer was economic interests.
06:42He cited the swap agreement in which the United States intervened to bail out the Argentine currency.
06:45An example that ultimately netted the United States $25 billion
06:49The motives behind this once-in-15-years joint intervention have been revealed.
06:53It is destined to be written into the footnotes of foreign exchange history.
06:56However, history will also record the waveforms in which intervention can suppress exchange rates.
07:00The underlying economic system cannot be suppressed.
07:03The fate of the yen truly depends on
07:06Does Tokyo dare to address the hollowing out of its fiscal deficit industries?
07:10Reforms needed to address the challenges of an aging population.
07:12Forcing it can indeed prolong life temporarily.
07:15But it can't buy back the true credit of an economy.
07:18And when Trump explicitly priced this intervention for economic gain...
07:22The true nature of this play has already been revealed.
07:25So-called friendship is nothing more than another pawn being moved on the power calculation.
07:30bead
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