nippon.com·3 min read·medium
U.S. Backs Japan in Stabilizing Yen, Expects BOJ Steps: Bessent
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U.S. Treasury Secretary Scott Bessent announced that the U.S. will support Japan's efforts to stabilize the yen following recent market interventions. Bessent expressed confidence in the Bank of Japan's ability to manage the currency's volatility through potential interest rate adjustments.
Washington, Aug. 4 (Jiji Press)--U.S. Treasury Secretary Scott Bessent said Tuesday that Washington will help Japan stabilize the yen, and that he believes the Bank of Japan will take necessary measures, including a possible interest rate hike.
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