**[U.S. Treasury Secretary Besent Sets the Tone: Current Yen Fluctuations Are Controllable, "Abenomics" Has Reached Its End]** Gold Finance reports that U.S. Treasury Secretary Besent stated in an interview with Reuters last Sunday that the recent movements in the yen exchange rate "are very well controlled." This remark clearly implies that U.S. officials do not view the yen's recent depreciation as disorderly volatility. Last Friday, the USD/JPY exchange rate broke above the 160 threshold. On Monday, the pair remained above this level, which has historically been regarded by the market as a warning line that could increase the likelihood of foreign exchange intervention. As a result, there is heightened attention on whether the U.S. and Japan will intervene again to stabilize the market. Besent's current optimistic stance contrasts sharply with his position a month ago on July 31, when the U.S. and Japan carried out a rare joint intervention to buy yen. Besent had confirmed that the July intervention aimed to curb the yen's "disorderly" fluctuations and prevent the ripple effects of yen depreciation and Japanese government bond sell-offs from spreading globally. On a macro-strategic level, Besent pointed out during the interview that Japan has "overcome" deflation. He asserted that "Abenomics," initiated by the late Prime Minister Shinzo Abe in 2013 to break long-term deflation through large-scale stimulus measures, has reached its end. Besent stated that Japan has now shifted to "Takaichi Economics," led by Sanae Takaichi, which will allow Japan to reap the benefits of past recovery policies. He noted that "Takaichi Economics" places greater emphasis on being shareholder-friendly, particularly through significant deregulation in the labor market, signaling reduced government intervention.