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

From BOJ policy to Hormuz, Washington will expect something in return 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. © Reuters William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Read the full article at the source →