US and Japan Coordinated Yen Intervention in July

Questions about this coverage

How did the left and right cover US and Japan Coordinated Yen Intervention in July?

Of the 6 outlets on this story carrying a published leaning rating, 0% are rated left, 67% are rated centre, 33% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 14. The sections above set out what each side emphasised, in its own terms.

Is US and Japan Coordinated Yen Intervention in July left or right?

Too few of the outlets on this story carry a published leaning rating to say. 6 of them do, and this site does not characterise a field under 12: at that size one newsroom filing moves the share by ten points. The percentages above are the count as it stands.

Is the coverage of US and Japan Coordinated Yen Intervention in July biased?

US and Japan Coordinated Yen Intervention in July is one event reported by 14 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.

Which side is not reporting US and Japan Coordinated Yen Intervention in July?

When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.

Which outlets covered US and Japan Coordinated Yen Intervention in July?

14 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.

How much yen did the US Treasury buy?

The US Treasury bought 79.4 billion yen on July 31, according to a report from the Federal Reserve Bank of New York. This purchase was made to support the Japanese currency and was part of a coordinated effort with Japan.

Was this the first time the US and Japan intervened together?

No, this was the first joint yen-buying operation between the US and Japan since 1998. The US Treasury sold euros from its Exchange Stabilization Fund to acquire yen, working in coordination with Japanese authorities.

How much did Japan intervene with?

Japan's Ministry of Finance intervened with approximately 15.4 trillion yen during the same quarter as the US intervention. This amount was significantly larger than the US purchase, with reports indicating it was about 194 times the US amount.