Japan to announce Tokyo, Washington took joint action on yen, sources say

Japanese Finance Minister Satsuki Katayama is set to announce on Monday that Tokyo and Washington implemented joint actions within the currency market. According to two Japanese government officials, these coordinated measures were taken to arrest the slide of the yen, which has recently reached 40-year lows. The announcement follows reports that both nations collaborated to stabilize the currency and prevent further depreciation of the yen against other major global currencies in the market.