In a Thursday interview, US Treasury Secretary Scott Bessent said the yen "appears significantly undervalued" and that "excessive volatility" is unhealthy. He called the yen "very cheap", said Japan's economy is performing well and the prime minister is implementing strong policies, and added he is not concerned about yen strength against the dollar.

2026-07-31

In a Thursday interview, US Treasury Secretary Scott Bessent said the yen "appears significantly undervalued" and that "excessive volatility" is unhealthy. He called the yen "very cheap", said Japan's economy is performing well and the prime minister is implementing strong policies, and added he is not concerned about yen strength against the dollar.