PoliticsIMPORTANT
US Treasury Secretary Bessent says the US would not have joined [in JPY intervention] if it was not optimistic about Japanese policies; would do whatever it takes to support Japan, via CNBC interview
StockNow breaking-news AI analysis
US Treasury Secretary Bessent supported JPY intervention to stabilize US interest rates by reducing Japanese selling pressure on US Treasuries, citing optimism toward Japan's commitment to financial stability.
News detail
Support for Japan comes in the context of help for the US economy. Japan has an inflation problem due in part to the weaker JPY.
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