Given that Bessent has been very clear that he thinks the BOJ needs to hike, I wonder what the quid pro quo is here. I don't think this is just charity for Takaichi.
Karl SchamottaSeriously folks. Bessent wrote himself a reminder to intervene in currency markets—complete with the amount to be purchased—as if he didn’t want to forget anything at the grocery store, and then left that note in plain sight so reporters could see it. Ludicrous! 🤯