Treasury Sec. Bessent: A stable yen is important not only for the U.S., but for the entire region

• U.S. and Japan confirmed a coordinated yen buying intervention to address the yen's undervaluation.
• Secretary Bessent believes Japan is making serious efforts toward budget discipline and will implement policies for a stable yen.
• A stable yen is crucial for the entire Asian region, preventing potential volatility in other currencies like the Korean Won and Chinese RMB.

Treasury Secretary Scott Bessent discusses the coordinated U.S.-Japan yen buying intervention, emphasizing its importance for regional stability. He highlights Japan's serious efforts to stem currency undervaluation through policy and fiscal discipline, expressing optimism for a return to a normal equilibrium price.