US Treasury Seeks Fed Help For Japan Currency

Hindustan Times - Business · business

US Treasury Secretary Bessent is urging the Federal Reserve to support Japan's currency. Bessent wants the central bank to increase the $60 billion borrowing limit on a little-known lending program. This move aims to provide financial stability and bolster the Japanese yen against market fluctuations. The Treasury's request highlights concerns about the yen's current valuation and its potential impact on global markets.