Even as the US and Japan have shown rare unity in moving to strengthen the yen, a fundamental tension between Scott Bessent and Sanae Takaichi over the Bank of Japan risks undermining their efforts.
Treasury Secretary Scott Bessent’s suggestion of a no-limits approach toward helping Japan rescue the yen risks getting called out by market participants flagging his limited firepower to do the job.
Opinion
Cryptopolitan on MSNOpinion
Arthur Hayes says Trump’s Bessent wants to use dollar-yen exchange rate to force the Fed into printing money
Arthur Hayes believes US Treasury Secretary Scott Bessent is preparing a way to strengthen the yen that could also force the Federal Reserve to create a large amount of new dollar liquidity. Arthur’s ...
From Washington to Tokyo and from Paris to London, warning signs are flashing in the world’s biggest government debt markets. Anyone doubting this hasn’t been paying enough attention to rising ...
EL MUNDO on MSNOpinion
Trump opens a monetary front with Europe and exposes the vulnerability of the U.S. bond
Defending the yen and the US offense against the euro reveal the weakness of the dollar. Over the past year and a half, the ...
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