Statement from US Treasury Secretary
U.S. Treasury Secretary Scott Bessent posted on X that the Bank of Japan has demonstrated a strong commitment to both monetary and financial stability. He added that Japan’s economy continues to perform well. The comment was made one day after sources reported that the BOJ had intervened in the foreign‑exchange market to support the yen, which had weakened against the U.S. dollar (the yen rose 0.21% versus the dollar while the dollar fell 0.23% versus the yen). Bessent said he looks forward to meeting BOJ Governor Kazuo Ueda at the upcoming G20 finance ministers meetings and emphasized that the United States maintains a strong relationship and close coordination with Japan. The article notes it was generated with AI assistance and reviewed by an editor.