NYTIMES (Alan Rappeport) - A Currency Trader at Heart, Bessent Bets on Japan’s Yen
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
Aired On: 8/3/2026
China’s bid to build a renminbi-based financial system beyond the U.S. dollar’s reach is gaining traction as a way to sidestep sanctions.