US Treasury Secretary Bessent and Japanese Treasury Secretary Katayama Satsuki confirmed today that the US and Japan have joined forces to interfere in the foreign exchange market to support the yen exchange rate. Ma Wei, an assistant researcher at the American Research Institute of the Chinese Academy of Social Sciences, pointed out that Japan is the largest overseas holder of US treasury bonds, and the reason the US took action was mainly due to considerations at the three levels of politics, safeguarding its own interests, and narrowing the trade deficit. #美日证实联手干预汇市 # As far as results are concerned, they should still be significant in the short term. However, in the medium to long term, it is difficult to fundamentally change the downward trend of the yen exchange rate through joint intervention between the two countries.

US Treasury Secretary Bessent and Japanese Treasury Secretary Katayama Satsuki confirmed today that the US and Japan have joined forces to interfere in the foreign exchange market to support the yen exchange rate. Ma Wei, an assistant researcher at the American Research Institute of the Chinese Academy of Social Sciences, pointed out that Japan is the largest overseas holder of US treasury bonds, and the reason the US took action was mainly due to considerations at the three levels of politics, safeguarding its own interests, and narrowing the trade deficit. #美日证实联手干预汇市 # As far as results are concerned, they should still be significant in the short term. However, in the medium to long term, it is difficult to fundamentally change the downward trend of the yen exchange rate through joint intervention between the two countries.