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'We're Always There for Japan': Trump on U.S. Support for the Yen

US President Donald Trump said the United States stepped in to support Japan's yen as a gesture of friendship and to help maintain stability in the global economy. Trump said the two countries share a strong relationship and described the coordinated intervention as a signal of U.S. backing for Japan amid the yen's recent weakness. Japan's Ministry of Finance later confirmed that it carried out a joint yen-buying intervention with the U.S. Treasury Department on July 31. Following Trump's remarks, the dollar slipped 0.2% against the yen to 157.07, retreating from the nearly 40-year high it reached late last month.

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Transcript
00:00Because we have a good relationship with Japan, we're very strong, very, very strong financially.
00:07They have a weakening yen, and they wanted a little bit of help, and we're always there for Japan.
00:13Japan's been very good to us, with the exception, of course, of Pearl Harbor.
00:17More than anything else, it was a signal of friendship.
00:22Because the yen is weakening, and the dollar is doing great.
00:26The fact is, our country is doing great.
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