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U.S. Treasury Secretary Says Japan Will Take Steps to Strengthen the Yen Image: AP=์—ฐํ•ฉ
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

U.S. Treasury Secretary Says Japan Will Take Steps to Strengthen the Yen

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

Interview Named sources Ongoing story
  • Scott Bessent said he believes Japan and the Bank of Japan will take steps that support yen strength.
  • He made the comments in a CNBC interview while discussing the effect of joint U.S.-Japan intervention in foreign exchange markets.

U.S. Treasury Secretary Scott Bessent said he believes the Japanese government and the Bank of Japan will take measures that result in a stronger yen.

Bessent made the remarks on Aug. 31 in an interview with CNBC. He was asked about the effect of joint intervention by the U.S. and Japanese governments in the foreign exchange market.

I cannot affect the natural balance.

โ€” Scott BessentBessent was discussing the limits of joint U.S.-Japan intervention in the foreign exchange market.

โ€œI cannot affect the natural balance,โ€ Bessent said, adding, โ€œWhat we can do is send a signal.โ€

What we can do is send a signal.

โ€” Scott BessentHe described the role the United States could play in influencing the currency market.
About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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