Speaking to reporters aboard Air Force One, Trump said, "The Japanese yen has weakened, and they wanted a little help. Trump argued that supporting the Japanese currency would benefit the global economy. Trump also suggested that the intervention could generate financial gains for the United States, although he did not explain how. The operation marked the first coordinated currency market intervention by the United States and Japan since 2011. In response, the G7 countries and the Bank of Japan jointly intervened in currency markets by selling yen to curb its rapid appreciation.