BOJ Intervention Looms as Yen Plunges
Bessent says Japan and BOJ will act to strengthen yen.
According to Bessent, the Japanese government and Bank of Japan (BOJ) are likely to take action to support the yen's value. The reason behind this is the recent decline in the currency's value, which has sparked concerns among investors.
The BOJ's intervention could come in the form of monetary policy changes or other measures aimed at stabilizing the yen's exchange rate.