Skip to main content

Takaichi, Bessent and the yen tug of war

The Japanese yen has rebounded a bit today on the back of US Treasury Secretary Bessent’s latest foray into verbal currency intervention (this time in favour of the yen), but it remains near its weakest point since early 2025. We think that Bessent will eventually get his way, and that the yen will rebound as the monetary policy gap between the US and Japan gradually shrinks.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access