Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past ...

A Currency Trader at Heart, Bessent Bets on Japan’s Yen

Treasury Secretary Scott Bessent made $1 billion betting against the yen as the top investor for George Soros more than a ...

US joined Japan's currency intervention for stability of Asia: Bessent

The United States sees the substantial undervaluation of the Japanese yen as a serious risk to economic stability in Asia, ...
24/7 Wall St.

The $1.2 Trillion Reason Scott Bessent Just Bought Japanese Yen

A handwritten note spotted on a Treasury Secretary's legal pad during a Cabinet meeting set off a chain of events connecting ...

Treasury Secretary Bessent: Will do whatever it takes to support Japan

Treasury secretary says he'd support a move by the Fed to boost a stopgap liquidity facility that Japan could use.

CNBC Transcript: U.S. Treasury Secretary Scott Bessent Speaks with CNBC’s “Squawk Box” Today

Following is the unofficial transcript of a CNBC interview with U.S. Treasury Secretary Scott Bessent on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Tuesday, August 4. Following ...
The Japan Times

Scott Bessent draws on hedge fund instincts to help rescue yen

Most recent Treasury Secretary predecessors came from what is known as the sell-side of finance, but Scott Bessent, with a ...

US will do 'whatever it takes' to support Japan after yen intervention, Bessent says

By David Lawder and Doina Chiacu WASHINGTON, Aug 4 (Reuters) - The U.S. will do "whatever it takes" to support Japan's effort ...

Scott Bessent touts 'strong relationship' between Trump, Takaichi as reports emerge Japan PM asked BoJ to buy bonds

Japan’s Prime Minister Sanae Takaichi reportedly urged Bank of Japan Governor Kazuo Ueda during a meeting in May to purchase ...