Why the World Is Watching the Yen
The Japanese yen is trading at levels not seen since the 1980s. It’s good news for tourists but a headache for the economy. Now, US Treasury Secretary Scott Bessent is getting involved. Here’s why.
Bessent Says US Yen Intervention Was ‘Nominal,’ Backs US Exports: https://bloom.bg/4hbwFz8
Treasury Secretary Scott Bessent said the US only deployed a “nominal” amount in its coordinated intervention to prop up Japan’s currency, and defended that operation as in American interests.
#Japan #Yen #Currency #BOJ
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