Why Bessent Is Leaning on the Fed to Help Prop Up Japan’s Currency
https://www.wsj.com/economy/central-banking/why-bessent-is-leaning-on-the-fed-to-help-prop-up-japans-currency-85794909
The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending program.
Scott Bessent’s Yen Trade Has Unintended Consequences for the Markets
https://www.wsj.com/economy/central-banking/scott-bessents-yen-trade-has-unintended-consequences-for-the-markets-5297044b
The way it’s being done should make us worry that the Federal Reserve is being roped into easing monetary conditions.
https://www.wsj.com/economy/central-banking/why-bessent-is-leaning-on-the-fed-to-help-prop-up-japans-currency-85794909
The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending program.
https://www.wsj.com/economy/central-banking/scott-bessents-yen-trade-has-unintended-consequences-for-the-markets-5297044b
The way it’s being done should make us worry that the Federal Reserve is being roped into easing monetary conditions.
A Currency Trader at Heart, Bessent Bets on Japan’s Yen
https://www.nytimes.com/2026/08/04/business/economy/bessent-yen-currency-support.html
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
Yen Intervention Is Bessent's Latest Band-Aid Fix For Bonds
https://www.fa-mag.com/news/yen-intervention-is-bessent-s-latest-band-aid-fix-for-bonds-87980.html
https://www.nytimes.com/2026/08/04/business/economy/bessent-yen-currency-support.html
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
https://www.fa-mag.com/news/yen-intervention-is-bessent-s-latest-band-aid-fix-for-bonds-87980.html