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Bessent’s Meeting with Japanese Finance Minister Katayama

kenneth-weinstein
kenneth-weinstein
Japan Chair
Kenneth R. Weinstein
Weinstein on bloomberg
Caption
(Screenshot via YouTube)

Kenneth Weinstein appears on Bloomberg to discuss United States Treasury Secretary Scott Bessent’s visit to Japan. During the trip, the secretary echoed his Japanese counterpart, Satsuki Katayama, by characterizing excess foreign-exchange volatility as undesirable. This is another indication of tacit US approval of Japan’s recent market intervention.