Scott Bessent seeks dollar deflation and coordinates currency interventions in Japan and South Korea.
1 report, 1 independent
Updated Sep 10
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What happened
Scott Bessent seeks dollar deflation and coordinates currency interventions in Japan and South Korea.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Scott Bessent
United States Secretary of the Treasury
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FED
business
Related events
- Hawkish Fed policy, with Waller emphasizing hikes, strengthens the USD against the CHF, contrasting with low Swiss rates.
- Scott Bessent questioned the use of funds to support the yen, promised economic isolation on Iran, and Stanley Druckenmiller publicly criticized his gambits.
- Kazuo Ueda and Scott Bessent met at the G20 to discuss monetary policy, rate management, and the need for US intervention affecting Tokyo's economy.
- The US and Japan jointly intervened in the currency market to support the Japanese Yen, with expert commentary from Monex Group to CNBC.
- Scott Bessent is observing the market risks stemming from potential bond sales in Japan and the resulting pressure on the global financial stability due to the weak yen.