{"id":364451,"date":"2026-08-03T01:08:19","date_gmt":"2026-08-03T01:08:19","guid":{"rendered":"https:\/\/som2nypost.com\/uncategorized\/u-s-scott-bessent-japan-confirm-intervention\/"},"modified":"2026-08-03T01:08:19","modified_gmt":"2026-08-03T01:08:19","slug":"u-s-scott-bessent-japan-confirm-intervention","status":"publish","type":"post","link":"https:\/\/som2nypost.com\/?p=364451","title":{"rendered":"U.S. Scott Bessent, Japan confirm intervention"},"content":{"rendered":"


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The yen held firm on Tuesday as traders remained on alert to the prospect of a coordinated currency intervention by authorities in the U.S. and Japan.<\/p>\n

Twenty47studio | Moment | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Japan’s finance ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move by the two allies to stem sharp swings in the Japanese currency.<\/p>\n

Tokyo signaled it was prepared to act again if needed, saying it “will not hesitate to conduct further coordinated interventions in the future” and remains in close communication with the U.S. Treasury<\/a>. Finance Minister Satsuki Katayama also stressed that Japan “remains attentive and in close communication with counterparts at U.S. Treasury.”<\/p>\n

The Japanese yen<\/a>