- Bessent said Japan’s large US Treasury holdings make disorderly yen markets a potential source of global financial stress.
- The Treasury secretary tied forced unwinds in yen markets to higher US interest rates and borrowing costs for American households and businesses.
Quotes
“Japan is a major holder of US Treasuries”
“Disorderly yen markets can trigger forced unwinds, which could destabilize global markets and ultimately raise borrowing costs for American families and businesses.”