Bessant: The US and Japan are making serious efforts to curb the depreciation of the yen, and policy follow-up is needed after intervention.

智通财经2026/08/04 12:16

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US Treasury Secretary Bessent stated in a CNBC interview that he maintains a good working relationship with Japan’s Finance Minister Katayama Satsuki, and that the US and Japanese allies are staying in close contact.
The two sides are making serious efforts to curb currency depreciation, and establishing a stable exchange rate framework is crucial. Bessent believes Japan will adopt the right policies, and emphasized that a stable yen is also vital for the US region, while warning that if the yen depreciates, other currencies might weaken as well.
Although Bessent will not pre-judge which specific measures the Bank of Japan should take, he trusts that the central bank will act as needed, and he made it clear that follow-up policies are necessary after intervention.

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Bessant: The US and Japan are making serious efforts to curb the depreciation of the yen, and policy follow-up is needed after intervention.

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