Why the World Is Watching the Yen
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The Japanese yen is trading at levels not seen since the 1980s. It’s good news for tourists but a headache for the economy. Now, US Treasury Secretary Scott Bessent is getting involved. Here’s why. Bessent Says US Yen Intervention Was ‘Nominal,’ Backs US Exports: https://bloom.bg/4hbwFz8 Treasury Secretary Scott Bessent said the US only deployed a “nominal” amount in its coordinated intervention to prop up Japan’s currency, and defended that operation as in American interests. #Japan #Yen #Currency #BOJ Watch more mini documentaries from Bloomberg: https://www.youtube.com/playlist?list=PLGaYlBJIOoa_EzzMpticURNR29AiQi10v Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Tags: finance, news, Bloomberg, business, economy, us, SCOTT BESSENT, DONALD TRUMP, japan, yen, bank of japan, trump japan, US japan, bessent japan, bessent yen, yen news, japan bank, japan economy, markets, investing
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