How Bessent, America’s bond salesman, cornered Japan on big spending
Bessent warned Japanese officials that heavy spending and low rates were weakening the yen and risking spillover to U.S. debt, people said.
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4 Articles
How will rate increase in Japan affect capital flow in global financial markets?
Japan is adding a fresh layer of uncertainty to global financial markets by potentially triggering a new bout of turmoil in bond markets and dampening the appetite for risk assets, as Tokyo’s pursuit of increased defence spending stokes concerns about fiscal discipline and sends sovereign bond yields to multi-year highs. The nation’s 10-year bond yield hit 3.03 per cent this week, a level not seen in three decades, while 30-year bond yields trad…
How Bessent, America’s bond salesman, cornered Japan on big spending
By Tamiyuki Kihara, Makiko Yamazaki, Takaya Yamaguchi and Leika Kihara TOKYO, Sept 18 (Reuters) - When Japanese finance minister Satsuki Katayama called Scott Bessent for help to support the cratering yen in June, her U.S. counterpart's response was f...
How Bessent, America’s bond salesman, cornered Japan on big spending - Regional Media News
By Tamiyuki Kihara, Makiko Yamazaki, Takaya Yamaguchi and Leika Kihara TOKYO, Sept 18 (Reuters) - When Japanese finance minister Satsuki Katayama called Scott Bessent for help to support the cratering yen in June, her U.S. counterpart's response was familiar: If Tokyo wanted assistance, it had [...]
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