US Treasury Secretary Bessent said on Tuesday local time that the US side only used “symbolic” funds in the joint intervention between the US and Japan to support the Japanese yen exchange rate, and insisted that the action was in America's national interest. “A stronger yen not only benefits US exports, but also means that the Japanese government doesn't have to sell US assets in order to raise funds for foreign exchange intervention,” Beisent pointed out while attending the House Financial Services Committee hearing on the same day. At the hearing, Bezent stressed that with only a symbolic amount of money, “we have successfully conveyed a clear signal of support for Japan's policies.” According to estimates from observers focusing specifically on the US Treasury, the US side spent far less than 1 billion US dollars in the current Japanese yen intervention; Japan spent a record 96.4 billion US dollars for intervention from late July to late August. At the same time, Bezent revealed that although profit “was not the original intention,” the US Treasury “earned tens of millions of dollars” in this intervention.

US Treasury Secretary Bessent said on Tuesday local time that the US side only used “symbolic” funds in the joint intervention between the US and Japan to support the Japanese yen exchange rate, and insisted that the action was in America's national interest. “A stronger yen not only benefits US exports, but also means that the Japanese government doesn't have to sell US assets in order to raise funds for foreign exchange intervention,” Beisent pointed out while attending the House Financial Services Committee hearing on the same day. At the hearing, Bezent stressed that with only a symbolic amount of money, “we have successfully conveyed a clear signal of support for Japan's policies.” According to estimates from observers focusing specifically on the US Treasury, the US side spent far less than 1 billion US dollars in the current Japanese yen intervention; Japan spent a record 96.4 billion US dollars for intervention from late July to late August. At the same time, Bezent revealed that although profit “was not the original intention,” the US Treasury “earned tens of millions of dollars” in this intervention.