金色财经|5月 12, 2026 01:56
The Japanese Finance Minister stated that they are coordinating with Besant on foreign exchange policies
According to a report by Golden Finance, on May 12th, Japanese Finance Minister Takayuki Katayama stated that her team is smoothly cooperating with the US in the field of foreign exchange policy after her meeting with US Treasury Secretary Bessent in Tokyo. Katayama stated that she will not comment on Besent's specific remarks. This is Bessen's third visit to Japan since taking office in the cabinet. The market is closely monitoring this meeting, as it is less than two weeks after the Tokyo authorities took several days of suspected large-scale yen intervention to boost the yen exchange rate. Besson has previously hinted that he is critical of direct market intervention and instead prefers to provide support for the yen through the Bank of Japan tightening monetary policy. The Japanese authorities may have intervened in the market for the first time on April 30th, when the decision of the Bank of Japan to maintain policy unchanged, coupled with hawkish signals from the Federal Reserve, jointly pushed the yen against the US dollar to break through the 160 mark. Data analysis shows that the Japanese authorities may have used approximately $24.7 billion in this operation, followed by an additional $30 billion in a subsequent round of intervention. Katayama stated that she and Besent also discussed topics such as artificial intelligence and key minerals. (Golden Ten)
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