{
  "id": 7594153,
  "title": "Bessent defends 'modest' cost of US-Japan joint yen intervention",
  "url": "https://urgent.news/2026/09/15/bessent-defends-modest-cost-of-us-japan-joint-yen-intervention-7594153",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T17:12:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260916/bessent-defends-modest-cost-of-us-japan-joint-yen-intervention"
  },
  "original_language": "en",
  "account": null,
  "summary": "US Treasury Secretary Scott Bessent defended the US's participation in a joint currency intervention with Japan to support the yen, describing the cost as \"modest\". According to Bessent, this move was beneficial for US exporters and interest rates.\n\nBessent explained that a stronger yen would benefit American exporters and also mean that the Japanese government would not have to sell US assets to defend its currency.\n\nIn a separate part of his testimony before the House Financial Services Committee, Bessent noted that the US dollar remains the world's reserve currency, citing rising global transaction volumes as evidence of continued confidence in the US financial system.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "‘Strong dollar is not a price on a screen’: Bessent defends US currency as global transactions rise",
        "url": "https://urgent.news/2026/09/15/strong-dollar-is-not-a-price-on-a-screen-bessent-defends-us-currency",
        "published": "2026-09-15T15:36:32.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Bessent defends 'modest' cost of US-Japan joint yen intervention",
        "url": "https://urgent.news/2026/09/15/bessent-defends-modest-cost-of-us-japan-joint-yen-intervention",
        "published": "2026-09-15T17:02:03.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Bessent calls US yen intervention \"nominal,\" defends trade",
        "url": "https://urgent.news/2026/09/15/bessent-calls-us-yen-intervention-nominal-defends-trade",
        "published": "2026-09-15T17:22:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}