Bessent Backs Japan's Currency Moves Amid G20 Pressure on Iran
US Treasury Secretary Scott Bessent expressed support for Japan's currency measures during the G20 finance ministers' meeting, signaling US understanding of Tokyo's intervention efforts.
Bessent backed Japan's actions to address excessive currency volatility, a move seen as endorsing Tokyo's intervention in the foreign exchange market to stabilize the yen. This stance reinforces a collaborative approach to currency stability, which is crucial for global economic confidence.
The US Secretary also used the G20 platform to call for sustained international pressure on Iran, particularly regarding its nuclear program and regional activities. Bessent's push aims to keep the issue on the agenda despite some European allies favoring diplomatic engagement.