Why the World Is Watching the Yen
The Japanese yen is trading at levels not seen since the 1980s. It’s good news for tourists but a headache for the economy. Now, US Treasury Secretary Scott Bessent is getting involved. Here’s why.
Bessent Says US Yen Intervention Was ‘Nominal,’ Backs US Exports: https://bloom.bg/4hbwFz8
Treasury Secretary Scott Bessent said the US only deployed a “nominal” amount in its coordinated intervention to prop up Japan’s currency, and defended that operation as in American interests.
#Japan #Yen #Currency #BOJ
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31 Comments
Bessent Says US Yen Intervention Was ‘Nominal,’ Backs US Exports: https://bloom.bg/4hbwFz8
The US is literally a house build out of cards.
旧札の映像を使っている時点で内容の信頼性に疑問符が付く。
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Heard a recent stat, Under JUST the Trump Presidency the USA accumulated 28% of all our debt in our 250 year history as a Country. 28% in less than 6 years under his watch as President, 72% in 244 Years by the other 45 presidents combined–(including WW1 & WW2, Vietnam, Korea, Iraq, etc). Scary stat for a Man who bankrupted 3 casinos, and he did so prior to online gambling during an age where Casinos were a sure license to print money. Fun fact: He did so primarily by piling on too much debt on each casino. Hhhmm
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Meant 244 years over 45 Presidential Administrations. My bad
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Bessent is alive to remind us how incompetent and man in a suit can be; very.