EconomyBessent Discussed the ‘Desirability’ of a Strong Yen With Katayama
Treasury Secretary Scott Bessent said his latest meeting with Japanese Finance Minister Satsuki Katayama included a discussion about the “desirability” of a strong yen.
United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
|---|---|
| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

Treasury Secretary Scott Bessent said his latest meeting with Japanese Finance Minister Satsuki Katayama included a discussion about the “desirability” of a strong yen.
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Bloomberg News

US Treasury Secretary Scott Bessent says Washington’s engagement with Japan over currency intervention was part of an ongoing dialogue. He says Japan’s finance ministry is highly transparent with the US and that the amount used by the US was nominal.
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Bloomberg Television

US Treasury secretary Scott Bessent warned currency traders against betting on a weaker yen. His comments came after last month’s rare joint intervention with Tokyo to support the Japanese currency.
FFinancial Times

U.S. Treasury Secretary Scott Bessent said Sunday that recent moves in the yen were “pretty well contained,” indicating that its renewed slide was not viewed as the kind of disorderly trading that prompted a rare joint Japan-U.S. intervention last month.
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Reuters

The yen’s weakness has prompted one of the most dramatic currency-market interventions in decades. Japan and the United States began a joint effort in late July to bolster the currency. US Treasury Secretary Scott Bessent then surprised financial markets by calling for the Federal Reserve to enlarge an obscure lending program. He said the expanded support would aid Tokyo’s efforts to defend the yen.
B
Bloomberg News

A handwritten list belonging to Treasury secretary Scott Bessent was visible during a cabinet meeting at Camp David. Photographed by a Reuters photographer, the note included an instruction to buy between $5bn and $10bn in Japanese yen. The disclosure has prompted questions about whether the United States is preparing such a purchase. The wording appeared on a notepad left in view during the part of the meeting open to journalists.
TThe Guardian
Reports that mention this person, by story.
Treasury Secretary Scott Bessent said his latest meeting with Japanese Finance Minister Satsuki Katayama included a discussion about the “desirability” of a strong yen.
Bank of Japan Governor Kazuo Ueda raised rates as US Treasury Secretary Scott Bessent wanted, but he is also facing pressure from his own government, making the balancing act increasingly difficult.
The program examines the Bank of Japan’s rate increase at its fastest pace since 1990, along with debate over policy normalization and the wider economic discussion involving Bessent.

The Bank of Japan is poised for a pivotal rate hike following pressure from Bessent.
When Japanese Finance Minister Satsuki Katayama called U.S. Treasury Secretary Scott Bessent in June for help supporting the plunging yen, he delivered a familiar message: Tokyo would need to put its fiscal house in order if it wanted assistance.
US Treasury Secretary Scott Bessent says Washington’s engagement with Japan over currency intervention was part of an ongoing dialogue. He says Japan’s finance ministry is highly transparent with the US and that the amount used by the US was nominal.

Bankers warn that US Treasury Secretary Scott Bessent’s claims of insider knowledge could erode market perceptions of the Bank of Japan’s independence.
Scott Bessent’s public campaign to push up the yen is lifting expectations that the Bank of Japan will embark on monetary tightening on a scale unseen for more than a generation. Markets could be disrupted if policymakers fail to deliver.
Treasury Secretary Scott Bessent’s latest effort to cool what he called the market’s “fever” backfired, triggering a sharp sell-off in bonds and a slide in stocks.

Treasury Secretary Scott Bessent challenged traders to test his resolve to boost Japan’s currency, saying that if the US intervenes in the yen market, he has strong insight into the likely actions of Japan, the Bank of Japan and Japanese policymakers.
