Japan Prepares to Intervene in Foreign Exchange Markets

According to Bessent, Japan and the Bank of Japan (BOJ) will take action to strengthen the yen. This comes as the Japanese currency has faced significant pressure due to a strong US dollar and rising inflation concerns.

Bessent's prediction is based on the BOJ's willingness to intervene in foreign exchange markets if needed. While no official announcement has been made, Bessent believes that Japan will take steps to support its currency.