US Treasury Secretary Scott Bessent says he is prepared to repeat joint yen intervention if needed, after the yen falls to a multi-decade low against the US dollar. The comments come as he praises Japan for taking steps to counter what he describes as “disorderly yen moves.” According to the reports, Bessent also calls for a stronger US Federal Reserve backstop, linking market stability efforts to the broader monetary environment. The outlets characterize the intervention discussion as a continued readiness to address abrupt currency moves rather than a one-off action. The yen’s sharp depreciation is presented as the trigger for the latest remarks, with the currency reaching a 40-year low in trading tied to heightened concerns about volatility and potential economic spillovers. While the reports focus on Bessent’s messaging, they do not provide new details on timing or the size of any potential intervention, instead emphasizing Japan’s prior response and the Treasury’s view on preventing disorderly foreign-exchange conditions.
US Treasury chief Bessent says he is ready for joint yen intervention
US Treasury Secretary Scott Bessent says he is prepared to repeat joint yen intervention if needed, after the yen falls to a multi-decade low against the US dollar. The comments come as he praises Jap...
- US Treasury Secretary Scott Bessent says he is ready to repeat joint intervention involving Japan to address yen weakness.
- Bessent praises Japan’s efforts to counter “disorderly” yen moves after the yen hits a multi-decade low against the dollar.
- The yen is reported to reach a 40-year low in the period leading up to Bessent’s comments.
- Bessent urges a bigger backstop from the US Federal Reserve, linking exchange-rate stability to the US monetary stance.
The US Treasury chief praises Tokyo for countering 'disorderly yen moves' after the currency hit a 40-year low against the dollar.
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