Scott Bessent on yen intervention
by Flint: Scott Bessent
Treasury Sec. Scott Bessent confirmed the Trump administration has already stepped in on the Japanese yen to help stabilize it. He says the U.S. won't hesitate to join further intervention and backs Japan's moves to fix the undervaluation. Bessent also gave a shoutout to the Takaichi government's new Abenomics phase, saying 15 years of stimulus built real momentum. Economic security is national security, and the U.S.-Japan alliance sits on both. Trump's got Japan's back, probably making a buck too
Transcript (en)
Because we have a good relationship with Japan. We're very strong, very, very strong financially. They are, you know, they have a weakening yen, and they wanted a little bit of help, and we're always there for Japan. Japan's been very good to us, with the exception, of course, of Pearl Harbor. Mr. President, what is the U.S. getting at?
