EconomyJapanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen
Japanese borrowing costs reached a 30-year high as the yen weakened to 160 per dollar on Tuesday and bond yields came under pressure. Traders were watching for a possible Japanese rate hike and potential intervention by Tokyo to support the yen, as mentioned by Bessent.
People in this report Scott Bessent
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CNBC★★★☆☆2026-09-01 07:31Original
Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen
Economy