US Treasury Secretary Bezent was interviewed by CNBC. When discussing the recent intervention in the Japanese yen, Beisent said that he maintains a good working relationship with Japanese Finance Minister Katayama Satsuki, and that the US maintains close ties with Japan's allies. He said that both sides are making serious efforts to contain currency depreciation, and it is very important to establish a framework. Bessent said he believes Japan will adopt the right policies, and a stable yen is also very important to the US region. Bezent also warned that if the yen depreciates, other currencies may follow. Although he will not prejudge the measures the Bank of Japan should take, he believes that the Bank of Japan will take necessary actions. He also said that policy follow-up is needed after the intervention.

Zhitongcaijing · 1d ago
US Treasury Secretary Bezent was interviewed by CNBC. When discussing the recent intervention in the Japanese yen, Beisent said that he maintains a good working relationship with Japanese Finance Minister Katayama Satsuki, and that the US maintains close ties with Japan's allies. He said that both sides are making serious efforts to contain currency depreciation, and it is very important to establish a framework. Bessent said he believes Japan will adopt the right policies, and a stable yen is also very important to the US region. Bezent also warned that if the yen depreciates, other currencies may follow. Although he will not prejudge the measures the Bank of Japan should take, he believes that the Bank of Japan will take necessary actions. He also said that policy follow-up is needed after the intervention.