Bessent Tells Japan That FX Volatility Is 'Undesirable'
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- free-analysis-rule-based-analysis
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- free-analysis-rule-based-analysis
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- 82826
Original source
US Treasury Secretary Scott Bessent echoed his Japanese counterpart Satsuki Katayama by characterizing excess foreign-exchange volatility as undesirable in another indication of tacit US approval of Japan’s recent market intervention. “We both believe that excess volatility is undesirable,” Bessent said Tuesday in Tokyo, as he continued a day of meetings with senior officials in Japan including Katayama and Japanese Prime Minister Sanae Takaichi. He confirmed his team will maintain close contact with the finance ministry and said constant communication is the key to good outcomes. We get reaction from Ken Weinstein, Japan Chair at the Hudson Institute. (Source: Bloomberg)
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Original article published by Bloomberg on May 12, 2026. Analysis and insights provided by AnalystMarkets AI.
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