As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
10 Articles
10 Articles
The Yen, US Treasury and the Financial Crisis of Empire
What do the collapse of the Japanese currency and carry trade—and the interventions by US Treasury Secretary Bessent in the currency and bond markets in recent weeks—have to do with the emerging financial crisis of the American Empire? In August, the US Treasury Bessent intervened in global currency markets to buy Yen to keep it from falling. Moreover it did so by buying Yen with Euros instead of US dollars. Bessent quickly followed that curren…
(Tokyo/Washington = Yonhap News) Correspondents Cho Seong-mi and Hong Jeong-gyu = U.S. Treasury Secretary Scott Besant stated that the Japanese yen is undervalued and called for Japan's 'firm ...
Social News XYZ
Japan should end reflation push: US
Asheville, Sep 2 (SocialNews.XYZ) Japan should move beyond the reflationary policies associated with former prime minister Shinzo Abe and begin managing the consequences of their success, US Treasury Secretary Scott Bessent has said. Bessent told... The post Japan should end reflation push: US appeared first on Social News XYZ.
On June 1st, U.S. Treasury Secretary Bencent, at a press conference following the conclusion of the G20 Finance Ministers and Central Bank Governors Meeting, urged Japan to shift away from its accommodative monetary and fiscal policies. This comes in light of Japan's fiscal situation, where the yield on newly issued 10-year government bonds, a benchmark for long-term interest rates, briefly reached over 3% for the first time in 30 years…
US Treasury Secretary Bescent met with Bank of Japan Governor Ueda and stated that the yen is "significantly undervalued," expressing strong support for Japan's efforts to correct the yen's depreciation. On September 1st, the US Treasury Department released details of the meeting between Secretary Bescent and Governor Ueda, held on August 30th in conjunction with the G20 Finance Ministers and Central Bank Governors Meeting. In the meeting, Secre…
US Treasury Secretary Scott Bessen expressed support for Japan's measures to confront the strong... The post Bessen supports Japan's measures against yen weakness and criticizes China's imbalances appeared first on GMC Online.
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