In response to an opposition lawmaker who sought an explanation of the yen-buying intervention conducted by the Japanese and US governments in late July, the US Treasury secretary indicated how the Exchange Stabilization Fund had been used.
US Treasury Secretary Scott Bessent (ベセント) responded to opposition Senator Warren regarding the yen-buying intervention conducted by the Japanese and US governments in late July. His response raised the possibility that assets held in the Exchange Stabilization Fund had been used.
The secretary expressed concern that a disorderly yen market could emerge and suggested that measures, including the use of foreign-currency assets, could be strengthened.