Bessent says FX volatility ‘undesirable’ after meeting Japan’s Takaichi

US Treasury chief touches on JGB yields, BOJ policy; bilateral chat follows yen intervention Japanese Prime Minister Sanae Takaichi, right, and U.S. Treasury Secretary Scott Bessent pose for photos at the prime minister's office in Tokyo on May 12. (Photo by Ken Suzuki) TOKYO — U.S. Treasury Secretary Scott Bessent said that both Washington and Tokyo see excessive volatility in currency markets as undesirable, following his meeting with Japanese Prime Minister Sanae Takaichi on Tuesday.

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