BESSENT IN TOKYO: U.S. Treasury Chief Backs Japan as Yen Battle Intensifies | DRM News | AF1I

BESSENT IN TOKYO: U.S. Treasury Chief Backs Japan as Yen Battle Intensifies | DRM News | AF1I

U.S. Treasury Secretary Scott Bessent opened his meeting with Japanese Finance Minister Satsuki Katayama at the Tokyo finance ministry on Tuesday by praising Japan’s economic resilience in the face of headwinds caused by the ongoing Middle East conflict. Katayama reciprocated by emphasizing the critical importance of maintaining a strong Japan-U.S. economic alliance to support both nations. Japan is banking on Bessent’s public endorsement — combined with a hawkish shift at the Bank of Japan — to give its yen-buying intervention greater impact and help arrest the currency’s prolonged slide.

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BESSENT IN TOKYO: U.S. Treasury Chief Backs Japan as Yen Battle Intensifies | DRM News | AF1I
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