U.S. Treasury Secretary Bessent Says Japan Moving Toward A Budget That Will Have A Primary Surplus; Stable Yen Is Important For U.S. And Region; Intervention No Different Than A Swap Line; Fed Should Consider Upsizing It; Was Set Up For Occasions Just Like This
– CNBC interview
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Why It Matters
Japan is working to balance its money better, and the U.S. Treasury chief thinks a stable Japanese currency helps everyone in the region. He's saying the Fed has tools ready to help if markets get shaky, kind of like a safety net for emergencies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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