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Scott Bessent Pledges Strong US-JP Coordination on FX
2026-05-12 14:26:54
US Treasury Secretary Scott Bessent said after meeting with Japanese Finance Minister Satsuki Katayama that the US and Japan should maintain strong coordination in addressing unnecessary and excessive volatility in exchange rate movements.

Bessent's remarks suggested that the US broadly agrees with Japan's recent round of FX market interventions to support the JPY. He also reiterated that the US and Japan share a solid economic partnership.
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