United States Financial Aid Japan

The U.S. intervention to bolster the Japanese yen bought "breathing space" for Asia's troubled economies, experts said Wednesday. But the big change was in the U.S. capital, not in Asia. Washington's action signaled a more forceful U.S. role in helping the Japanese economy rebound and in helping the rest of Asia recover from its financial crisis. The U.S. moves also, in effect, placed a floor under the yen and other major currencies in Asia.

The U.S. intervention to bolster the Japanese yen bought "breathing space" for Asia's troubled economies, experts said Wednesday. But the big change was in the U.S. capital, not in Asia. Washington's action signaled a more forceful U.S. role in helping the Japanese economy rebound and in helping the rest of Asia recover from its financial crisis. The U.S. moves also, in effect, placed a floor under the yen and other major currencies in Asia.