▲ U.S. Treasury Secretary Scott Bessent
U.S. Treasury Secretary Scott Bessent acknowledged on August 2 (local time) that the United States has intervened in Japan's policies to counter the weak yen, expressing readiness to undertake additional joint interventions if necessary.
Secretary Bessent stated via X (formerly Twitter) that "We strongly support the Japanese government's decisive market and monetary policy measures to correct the significant undervaluation of the yen."
He added, "The coordinated foreign exchange market intervention on the past 7th responded to disorderly yen volatility. The Treasury Department is in close communication with Japan's Ministry of Finance and the Bank of Japan while closely monitoring the situation, and will not hesitate to participate in further joint interventions."
Earlier that day, U.S. President Donald Trump also told reporters that the U.S. had intervened in the yen-dollar market in consideration of its relationship with Japan.
President Trump remarked, "Japan's yen was weak, and it needed a little help. And we are always there for Japan."
(Photo: AP, Yonhap News)
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