Japan — Ministry of Finance (Japan) & Scott Bessent

Japan — Ministry of Finance (Japan): Led the intervention, confirming joint action with the U.S. and signaling readiness for further moves, enhancing its credibility in defending the yen.

Scott Bessent: As Treasury Secretary, he confirmed the intervention, pledged 'whatever it takes' support, and hinted at expanding the FIMA facility, boosting market confidence.

Japan — Ministry of Finance (Japan): The ministry conducted the joint intervention with the U.S. Treasury and would be the primary user of the FIMA facility. It seeks to support the yen and may gain more tools if the facility is expanded.

Scott Bessent: As Treasury Secretary, Bessent is the primary advocate for upsizing the FIMA facility, aiming to support Japan's yen intervention and signal U.S. resolve. His proposal could enhance his influence but also risks market backlash if seen as posturing.

Japan — Ministry of Finance (Japan): The Japan — Ministry of Finance (Japan) is in a difficult position regarding whether to intervene to support the weakening Japan — Japanese yen.

Scott Bessent: Scott Bessent, the US Treasury Secretary, met with Japanese Finance Minister Satsuki Katayama, and they agreed on taking bold steps on currencies if needed.

Japan — Ministry of Finance (Japan): Released trade data, not directly affected.

Scott Bessent: As Treasury Secretary, Bessent has imposed sanctions on Iran and commented on the economic impact of the war.