US Treasury Secretary Scott Bessent carelessly revealed plans for the US to buy $5-10bn in Japanese yen in a scribbled 'to do' list left visible to a Reuters photographer during a cabinet meeting at Camp David. The image, taken over Bessent's shoulder during a portion of the meeting open to journalists, showed a Camp David notepad with the underscored words 'To Do' followed by 'Buy Japanese Yen (JPY) $5-10 bil'.
US Treasury Secretary Reveals Plan to Buy $5-10bn in Japanese Yen
UKPulse News DeskUS Treasury Secretary Scott Bessent carelessly revealed plans for the US to buy $5-10bn in Japanese yen in a scribbled 'to do' list left visible to a Reuters photographer during a cabinet meeting at Camp David.
- US Treasury Secretary Scott Bessent revealed plans for the US to buy $5-10bn in Japanese yen
- The plan was revealed in a scribbled 'to do' list left visible to a Reuters photographer during a cabinet meeting at Camp David
- The US treasury has not intervened to prop up the yen since 2011
Why this matters: The revelation raises questions over US plans to intervene in the yen market and the potential impact on the global economy.
What this means for you: The potential intervention in the yen market could have implications for currency exchange rates and global trade.