Why has Trump stepped in to prop up Japan’s currency?
- US buys yen for first time in nearly 30 years to halt its slide
- Weak yen and rising debt pressure Japan's economy and PM Takaichi
- Japan's treasury sales to fund this may raise US borrowing costs
The United States has intervened directly to prop up the value of the Japanese yen, buying billions of dollars' worth of the currency for the first time in almost 30 years. The move came as Japan struggled to halt an accelerating slide in the yen towards 40-year lows,…