Bessant: The US and Japan are making serious efforts to curb the depreciation of the yen, and policy follow-up is needed after intervention.
智通财经2026/08/04 12:16Show original
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- US Treasury Secretary Bessent stated in a CNBC interview that he maintains a good working relationship with Japan’s Finance Minister Katayama Satsuki, and that the US and Japanese allies are staying in close contact.
- The two sides are making serious efforts to curb currency depreciation, and establishing a stable exchange rate framework is crucial. Bessent believes Japan will adopt the right policies, and emphasized that a stable yen is also vital for the US region, while warning that if the yen depreciates, other currencies might weaken as well.
- Although Bessent will not pre-judge which specific measures the Bank of Japan should take, he trusts that the central bank will act as needed, and he made it clear that follow-up policies are necessary after intervention.
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