Bessent said that last Friday he coordinated with Japan to intervene in the Japanese yen
2026-08-03 07:10:37
According to CoinMeta, Bessent stated that coordination was carried out last Friday with Japan regarding interventions in the Japanese yen. He pointed out that the U.S. government provides support for reliable partners, and economic security is synonymous with national security; the U.S.-Japan alliance is built on these principles. This coordinated foreign exchange action was taken to address the disorderly fluctuations in the yen, with the Treasury Department closely monitoring the situation and maintaining communication with colleagues from Japan's Ministry of Finance and central bank. He emphasized that the U.S. would not hesitate to participate in further joint interventions and encouraged the expansion of the FIMA repurchase program in the coming months to support Japan's efforts to correct the significantly undervalued yen market and monetary measures.
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Source:Jin10 Data
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