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Bessent Says Yen Level Problematic for Japan, Other Currencies

Bloomberg Markets Tuesday 04 August 2026, 12:16 UTC By Hadriana Lowenkron 1 min read
Key Points

Currencies Bessent Says Yen Level Problematic for Japan, Other Currencies Treasury Secretary Scott Bessent said the weakness of the yen has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies as he reiterated US support for efforts to stabilize the situation. “It’s just the level of the yen that could trigger other problems or trigger competitive devaluations, which is unhealthy,” Bessent said on CNBC Tuesday. “A stable yen is not only...

Currencies Bessent Says Yen Level Problematic for Japan, Other Currencies Treasury Secretary Scott Bessent said the weakness of the yen has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies as he reiterated US support for efforts to stabilize the situation. “It’s just the level of the yen that could trigger other problems or trigger competitive devaluations, which is unhealthy,” Bessent said on CNBC Tuesday. “A stable yen is not only important for the US but very important for the entire region” of Asia.
Bessent (PERSON) Treasury (ORG) Scott Bessent (PERSON) Japan (LOCATION) Asian (ORG) US (LOCATION) CNBC (ORG) Asia (LOCATION)
Originally published by Bloomberg Markets Read original →

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