MACROSTORY 544· AUGUST 4, 2026

Currency intervention by the US and Japan is unlikely to halt the yen's slide, analysis finds

The Japanese yen is falling, and the two governments best positioned to arrest that decline may not be able to. Analysis of the currency market finds that coordinated action by the United States and Japan to support the yen would likely…

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BRICS nations agree to condemn unilateral war; formal vote set for Saturday

A joint declaration is a formal statement that every member country must accept before it carries weight. BRICS members have reached agreement on one: language condemning unilateral war by any country, four sources say. Formal approval by…

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Bank of Japan cuts government bond holdings by a record 47.8 trillion yen

Japan's central bank shed more of its bond stockpile in a single year than it ever has before. The Bank of Japan's holdings of Japanese Government Bonds (debt the national government issues

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Seoul's incoming defense chief says South Korea will reclaim wartime command with no new conditions

Seoul is moving to reclaim wartime command of its military forces from the United States, and South Korea's defense minister nominee says the country will pursue that goal under a principle of "no added conditions." Wartime operational…

macro1 MIN

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