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SCOTT BESSENT

U.S. Treasury Secretary Scott Bessent speaks to members of the media at the White House in Washington on July 30.
BUSINESS
Aug 11, 2026
U.S. Treasury chief¡¯s ¡®whatever it takes¡¯ vow to help yen masks limited firepower
Âé¶¹´«Ã½ currency slid as much as 1% Monday to past ?159 per dollar, wiping out half the rally triggered by the July 31 U.S.-Japan intervention.
U.S. Treasury Secretary Scott Bessent said he expects policy follow-up after the coordinated intervention to support the yen.
BUSINESS / Markets
Aug 7, 2026
U.S. support for yen increases expectations for September rate rise in Japan
Before the coordinated intervention, most analysts were looking to December for the next move higher.
Prime Minister Sanae Takaichi meets with U.S. Treasury Secretary Scott Bessent in Tokyo on May 12.
COMMENTARY / Japan
Aug 5, 2026
How safe is the yen under the U.S. umbrella?
Having Washington on board brings important potential benefits ¡ª and no small amount of danger.
U.S. Treasury Secretary Scott Bessent has taken an active interest in Âé¶¹´«Ã½ economic affairs.
BUSINESS / Economy / FOCUS
Aug 5, 2026
Scott Bessent draws on hedge fund instincts to help rescue yen
Most recent Treasury Secretary predecessors came from what is known as the sell-side of finance, but Scott Bessent, with a decades-long hedge fund career, is different.
The clearest rationale for the United States to join Japan on Friday in purchasing yen comes from Treasury Secretary Scott Bessent¡¯s consistent signals of concern about Japanese reverberations into the $31 trillion Treasuries market.
BUSINESS / Economy
Aug 4, 2026
Bessent¡¯s yen rescue to boost U.S. pressure on Japan trade and rates
Analysts described a range of U.S. interests at stake in helping Japan pull the yen back from near four-decade lows against the dollar.
U.S. Treasury Secretary Scott Bessent has described a Federal Reserve facility as an important support for Âé¶¹´«Ã½ efforts to prop up the yen.
BUSINESS / Markets
Aug 4, 2026
Bessent seeks Fed help in defending yen in unusual call
Cooperation between the Federal Reserve and the Treasury to ensure financial stability isn¡¯t unusual, especially during periods of volatility.
Finance Minister Satsuki Katayama speaks to members of the media in Tokyo on Monday about a joint intervention into currency markets that Japan conducted with the U.S.
BUSINESS / Markets
Aug 3, 2026
Japan and U.S. confirm joint yen intervention
Both Tokyo and Washington say they stand ready to intervene again to counter the yen¡¯s excessive weakness against the dollar.
A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a cabinet meeting at Camp David, Maryland, on Friday.
BUSINESS
Aug 1, 2026
Bessent¡¯s ¡®to do¡¯ list: buy $5-10 billion worth of Japanese yen, photo shows
The notepad shows no other words, and Bessent¡¯s name card ?on the Camp David conference table is visible and positioned immediately above the notepad.
Japan's weak yen now does more harm than good, making higher interest rates the right policy despite the success of Abenomics-era monetary easing.
COMMENTARY / World
Jul 13, 2026
The yen¡¯s plunge changes the case for Bank of Japan rate hikes
The Japanese yen has sunk to a 40-year low against the U.S. dollar recently. Raising interest rates would strengthen the yen.
U.S. Treasury Secretary Scott Bessent said he believes China will accept prior U.S. tariff rates being restored through new Section 301 duties as long as they don't go higher.
WORLD
May 20, 2026
U.S. not in a hurry to extend China trade truce, Bessent says
The U.S.-China truce negotiated over several months last year averted a total collapse of trade between the world¡¯s two largest economies.
A tourist watches the MT Desert Kite oil tanker carrying Russian oil in the Arabian Sea, Gujarat, India, on March 11.
WORLD / Politics
May 19, 2026
U.S. extends sanctions waiver on Russian oil to aid vulnerable countries
The action marks the second time the Treasury has allowed the sanctions waiver to lapse and subsequently extended it.
Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent at the Ministry of Finance in Tokyo
BUSINESS / Economy
May 12, 2026
Japan and the U.S. in sync on the yen, Katayama says
The finance minister has stopped short of saying that the two countries are engaged in coordinated intervention in the currency market or that they are planning a joint response.
U.S. Treasury Secretary Scott Bessent is scheduled to meet with Prime Minister Sanae Takaichi in Tokyo on Tuesday.
BUSINESS / Economy
May 11, 2026
Takaichi to meet with U.S. Treasury secretary in Tokyo
The U.S. and Japanese officials are expected to discuss currency market developments after Japanese authorities recently intervened in the market, using dollars to buy yen.
Bank of Japan Gov. Kazuo Ueda arrives for a news conference after a BOJ policy meeting in Tokyo last month.
BUSINESS / Economy / ANALYSIS
May 9, 2026
Japan bets on Washington and BOJ for extra punch in yen battle
The strategy is reliant on a small cast of heavyweights and is aimed less at a dramatic turnaround than at raising the cost of betting against the yen.
U.S. Treasury Secretary Scott Bessent is ?arranging a ?three-day visit to Japan starting Monday, according to a source familiar with the matter.
BUSINESS / Economy
May 7, 2026
U.S. Treasury Secretary Scott Bessent to meet Takaichi and others next week
Bessent will speak individually with Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama and BOJ Gov. Kazuo Ueda during his three-day visit, sources have said.
U.S. Treasury Secretary Scott Bessent speaks during a news briefing in the James S. Brady Press Briefing Room at the White House in Washington on Wednesday.
BUSINESS / Economy / FOCUS
Apr 18, 2026
Bessent¡¯s busy week clashes with global thirst for U.S. attention
At the IMF and World Bank spring meetings, some participants grumbled that U.S. officials were reluctant to discuss the U.S.-war driven oil shock.
Scott Bessent, U.S. treasury secretary, during a news conference in Washington on Wednesday
BUSINESS / Economy
Apr 16, 2026
Katayama hints at yen intervention after talks with U.S. counterpart
Âé¶¹´«Ã½ authorities have been ramping up their warning language as the yen continues to hover around ?160 to the dollar, a key psychological threshold for markets.
U.S. Treasury Secretary Scott Bessent speaks at an International Institute of Finance event during the International Monetary Fund and World Bank spring meetings in Washington on Tuesday.
BUSINESS / Economy
Apr 15, 2026
Bessent says China has been unreliable partner by hoarding oil during war
China already had a strategic petroleum reserve that was roughly the same size as that of the entire reserve held by the 32-member International Energy Agency.
The former offices of MBaer Merchant Bank in Zurich. The bank, which was accused by regulatory authorities of money laundering schemes linked to Venezuela, Russia and Iran, was forced to liquidate on Feb. 27.
WORLD / Crime & Legal
Mar 26, 2026
How a dirty money trail from Venezuela to Iran brought down a Swiss bank
MBaer Merchant Bank built a lucrative business charging clients as much as ten times the going rate to process payments that other banks wouldn¡¯t handle.
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng meet in London, on June 9, 2025.
WORLD / Politics
Mar 15, 2026
U.S. and China economic chiefs to meet in Paris ahead of Trump-Xi summit
Top U.S. and Chinese economic officials are set to launch a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a smooth path for U.S. President Donald Trump's trip to Beijing to meet with Chinese President Xi Jinping at the end of March.

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