ASHEVILLE, North Carolina: When the U.S. joined Japan's efforts to shore up the yen, it wasn't for nothing. This week, U.S. Treasury Secretary Scott Bessent spelt out the terms: get busy on interest rate hikes and end outdated ideas about big economic stimulus.
A month after a rare joint U.S.-Japan intervention to prop up the yen, Bessent showed little appetite for another market foray by telling Reuters recent yen moves were not disorderly.
