“The U.S. and Japanese governments coordinated to stabilize the yen after the currency plummeted last week, a historic intervention aimed at preventing wider economic destabilization,” Semafor reports. “The yen is ‘very undervalued,’ U.S. Treasury Secretary Scott Bessent said on Friday — Japan’s currency has weakened for months, a phenomenon economists attributed to Prime Minister Sanae […]
Political Wire
• Taegan Goddard