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 two generations wouldn't.” ...
Crypto Briefing

Bessent says US will do whatever it takes to support Japan’s yen

Treasury Secretary Scott Bessent warns yen weakness could trigger broader Asian currency depreciation, with implications for ...

Scott Bessent says America 'delivers' for 'trusted partners' as US, Japan confirm joint yen intervention: Economist says goal is to 'buy time'

The U.S. Treasury joined Japan’s Ministry of Finance in a coordinated yen-buying operation, with officials from both ...

U.S. intervenes to help boost Japan's yen and curb financial market volatility

Finance Minister Satsuki Katayama said that the U.S. and Japan worked together to sell dollars and buy yen in order to curb volatility in financial markets. The move helped the yen to bounce back from ...

Why the U.S. Is Helping Prop Up Japan’s Weak Currency

The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by ...