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.
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Laboratory technicians work on samples to be tested for the COVID-19 coronavirus at a testing facility in Wuhan, China on August 4, 2021. (Getty Images)