Japan, US Agree on Need for Continued Coordination to Stabilize Yen
6 Articles
6 Articles
Finance Minister Katayama Satsuki met with US Treasury Secretary Bessent in Asheville, Southern North Carolina on 8/31. The two sides met for the first time since Japan and the US entered into a coordinated intervention to buy yen at the end of July. After the meeting, Mr. Katayama told reporters, “The orderly exchange rate of yen stabilizes global financial markets...
Joint verbal interventions by Washington and Tokyo are intended to stabilize the Japanese currency, but investors remain skeptical, as evidenced by the inability of the USDJPY pair to maintain its downward trend after the recent interventions.
Japan's Katayama Confirms Coordinated FX Stance With US Treasury's Bessent
BitcoinWorld Japan’s Katayama Confirms Coordinated FX Stance with US Treasury’s Bessent Japan’s top currency diplomat, Katsunobu Katayama, confirmed that he and US Treasury Secretary Scott Bessent agreed on the need for continued, coordinated action on foreign exchange, signaling a unified front against excessive currency volatility. The confirmation, made on February 21, 2025, underscores the growing alignment between Tokyo and Washington on c…
Bessent says volatile yen poses risk to global markets
WASHINGTON DC: U.S. Treasury Secretary Scott Bessent has defended Washington's decision to join Japan in supporting the yen, warning that disorderly currency moves could destabilize global markets and ultimately raise borrowing costs for U.S. households and businesses. Bessent made the comments in an August 27 letter posted on his X account a day later. The letter responded to Democratic Senator Elizabeth Warren
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