His acknowledgement basically is a nod of approval to Japan’s intervention actions in the past two weeks. However, he doesn’t go as far as to commit to anything in saying that the US will be up for a joint intervention effort to help with the yen currency’s plight.
As mentioned before, it is a sensitive topic and one that the US is not likely to get on board with:
“Is it about time that Japan tries to seek help from the US for joint intervention? It’s a very touchy subject but given the circumstances and desperation, this might be one alternative.
However, this starts to border on politics and it would need the US to acknowledge that the yen is being “mistreated” while also arguing that the dollar is “too strong”
US, Japan both believe forex volatility is undesirable – Bessent
