The David Lin Report · Thursday, August 6, 2026
Treasury Secretary Scott Bessent confirmed the coordinated intervention between the US and Japan to stabilize the yen, emphasizing the strong relationship between President Trump and the Japanese Prime Minister. Bessent noted that Japan understands the importance of a stable yen for regional and global economic stability and that the US is proud to support their policies.
“US and Japan confirmed a coordinated yen buying intervention. Join us now for the details of how it came together. Treasury Secretary Scott Bessent.”
“But what's important here is we've been in close contact with our, uh, Japanese allies. And they are great allies in the region, both, uh, militarily and economically. And, you know, we understand that they are making serious efforts to, uh, stem the unsubstantial undervaluation in their currency.”
“And, Joe, this is more than just a market intervention that through our conversations with them, we believe that they are going to continue to put the right policies in place that will lead the yen to get back to more of a normal equilibrium price.”