Japan says Scott Bessent offers understanding on yen policy
Crypto Briefing
US Treasury Secretary Scott Bessent signaled US support for Japanese efforts to stabilize the yen during recent meetings in Tokyo.Summary
US Treasury Secretary Scott Bessent met with Japanese officials, including Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama, to discuss economic relations. Bessent acknowledged that excessive foreign exchange volatility is undesirable, signaling tacit US approval for Japan to address its weakening currency. This alignment, supported by Bessent's long-standing relationship with Bank of Japan Governor Kazuo Ueda, clears the path for potential rate hikes. Furthermore, Japan's $550 billion investment commitment to a US fund highlights the strengthening economic ties between the two nations.
(Source：Crypto Briefing)