Treasury Secretary Scott Bessent said the United States joined Japan’s efforts to support the yen, citing concerns that prolonged weakness in the currency could destabilize markets across Asia.
Bessent said the U.S. bought yen alongside Japan as part of the effort to reduce sharp currency movements. The intervention was presented as a step aimed at limiting volatility rather than allowing broader financial risks to build.
The comments highlight the regional importance of Japan’s currency. A more stable yen, according to Bessent’s explanation, could help ease pressure on Asian markets exposed to swings in exchange rates.
