US Treasury Secretary Bessent on Yen intervention, says it is important to have a framework, via CNBC interview

Have a good working relationship with counterpart. Have been in close contact with Japanese allies. Japan is a great ally. Japan is making serious efforts to stem devaluation in currency. Believe they will put right policies in place. Been in close contact. They are moving toward a budget that will have a primary surplus. Stable Yen important for both US and the region. If yen weakens, other currencies could follow. Have seen excess volatility in Korean Won. Proud to stand with Japan to help stabilise things. Intervention can give market signals but policy is key. Not going to prejudge what the BoJ should do. BoJ will do what is needed. Will require policy to follow up on intervention. Confident will see that follow through. Japan PM doing a fantastic job. Sees no reason for Japan to stop accumulating substantial overseas assets. Now will see strong growth in Japan. Japan tech sector is very strong. Re notepad picures that said to "buy JPY". Aimed to ensure reporters saw. Wanted to make sure reporters knew the symbol JPY.