The Mitsubishi UFJ believes that America's support for Japan's actions to stabilize the yen should help limit the sell-off of US bonds, mitigate the impact on the bond market, and ultimately reduce the scale of action required. “The US is concerned that if Japan continues to interfere in the foreign exchange market involving the direct sale of US treasury bonds, it may disrupt the US bond market,” said Lee Hardman, a foreign exchange analyst at Mitsubishi UFJ. He mentioned that Japan may use the Federal Reserve's foreign and international monetary authorities to facilitate repurchase. Hardman wrote that if the joint intervention were more effective, “this could mean ultimately a smaller scale of intervention required, thereby reducing the need to sell US debt.”

The Mitsubishi UFJ believes that America's support for Japan's actions to stabilize the yen should help limit the sell-off of US bonds, mitigate the impact on the bond market, and ultimately reduce the scale of action required. “The US is concerned that if Japan continues to interfere in the foreign exchange market involving the direct sale of US treasury bonds, it may disrupt the US bond market,” said Lee Hardman, a foreign exchange analyst at Mitsubishi UFJ. He mentioned that Japan may use the Federal Reserve's foreign and international monetary authorities to facilitate repurchase. Hardman wrote that if the joint intervention were more effective, “this could mean ultimately a smaller scale of intervention required, thereby reducing the need to sell US debt.”