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Why Is the Yen Losing Gains From Intervention?
Bloomberg Television· 2026-08-11 14:57
Japan closed for a public holiday. It is Mountain Day, but the yen weakening. It's now 159.23%.It's erased about half the gains now that it's achieved by that joint a US Japan intervention. But the growth minister saying Japan's spending plans are going to give long term support to the yen, even if the Bank of Japan isn't for the time being. Well, speaking to us exclusively, the growth minister, Minoru Kiuchi, also pushed back against market concerns over the nation's finances.Let's hear more. Yeah, I think ...
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Bloomberg· 2026-08-10 21:10
The effects of Treasury Secretary Scott Bessent’s surprise yen intervention are starting to fade. On today’s Big Take podcast, US treasury reporter Daniel Flatley and global economy senior editor Chris Anstey join David Gura to discuss Bessent’s unorthodox approach to currency market intervention and how far he could go to keep the yen from weakening.🎙️ Listen now: https://t.co/yT3DsoVeH6 ...