US joins Japan in yen intervention as Tokyo tightens residency rules and honors speed skater

In one outlet's interview, Treasury Secretary Scott Bessent warned that a weak yen could destabilise the Asian region, citing the 1990s crisis, and announced U.S. support for Japan's latest currency-intervention measures. Tokyo's immigration bureau released draft guidelines tightening permanent-residency eligibility, mandating applicants earn more than the average household income and hold sufficient projected pension benefits, reflecting Prime Minister Sanae Takaichi's vision of an "orderly society."

At the prime minister's office, speed skater Miho Takagi received the People's Honor Award, a distinction she described as an honor for the sport itself. Meanwhile, Osaka Prefecture reported a rare fatal police shooting of a knife-wielding man, and a truck that struck a car and then a train in Yokohama injured both vehicle drivers, though train passengers were unharmed. Additional reports noted rising real wages, Toyota's profit forecast lift, and Japan's defence white paper urging stronger defence industry capabilities.