Nikkei Asia
Nikkei Asia
AsiaPac · just now

Five reasons why Bessent's yen rescue comes with strings attached

A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do -- Buy Japanese Yen (JPY) $5-10 bil" as he participates in a cabinet meeting at Camp David, Maryland, on July 31. © ReutersWilliam Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
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