# Japanese government bonds

Tokyo Signals Action as Markets Bet on U.S.–Japan Co‑ordination to Support the Yen

Japan’s prime minister warned of decisive action after the yen reversed sharply, a move traders linked to a New York Fed inquiry that many read as a precursor to coordinated U.S.–Japan intervention. While coordination could calm markets in the short term, analysts say it would not resolve the deeper fiscal and bond market imbalances that are driving yen weakness.