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The Kumamoto prefectural government said at least 34 people were killed in the powerful earthquake that hit southwestern Japan earlier this week.
The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”
Almost no other country in the world is rocked by such frequent and damaging earthquakes as Japan, which sits on the boundary of four tectonic plates.
A major earthquake in Japan's southwest killed at least 13 people and left several injured or missing after a shopping center and a paper mill were heavily damaged.
Soldiers and emergency workers combed through a badly damaged shopping mall and collapsed houses looking for trapped survivors Wednesday after a powerful earthquake that killed at least 18 people, including a foreigner,
U.S. and Japanese officials confirmed that the Treasury Department had moved last week to prop up the currency, which had been trading near four-decade lows.
Multiple people were missing a day after a magnitude-7.1 quake struck Kumamoto prefecture, partially collapsing buildings, including a shopping mall and a paper mill.
Treasury secretary says he'd support a move by the Fed to boost a stopgap liquidity facility that Japan could use.
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.