Bessent Says US, Japan Could Conduct More Joint Yen Intervention if Needed
Suehyeon Lee
Summary
- US Treasury Secretary Scott Bessent said the US and Japan could resume joint foreign-exchange intervention to support the yen if needed.
- Bessent said the US would not hesitate to carry out additional joint yen intervention.
- The comments followed President Donald Trump’s description of US joint yen intervention as a sign of friendship with Japan, reaffirming Washington’s commitment to continued coordination with Tokyo.
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US Treasury Secretary Scott Bessent said the US and Japan could again jointly intervene in foreign-exchange markets to support the yen if needed.
Watcher.Guru reported on August 2 that the US would not hesitate to carry out additional joint intervention to support the yen, Bessent said.
The comments followed President Donald Trump’s remarks earlier the same day describing US joint intervention in the yen as "a sign of friendship" with Japan, underscoring Washington’s willingness to continue coordinating with Tokyo.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.