US-Japan yen intervention reflects pragmatism behind show of 'friendship'

Lending dollars with Treasurys as collateral avoids disastrous debt sell-off

Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama have both mentioned the use of a repo facility in the coordinated yen intervention. (Nikkei montage/Source photos by Reuters and Nikkei)

NEW YORK/WASHINGTON -- The intervention by the U.S. and Japan to shore up the yen involved Washington lending dollars with Treasury bonds as collateral, a practical move aimed at preventing a Treasurys sell-off by Tokyo even though U.S.

Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.