Odd Lots

Brad Setser on the US's Unusual Japanese Yen Intervention

August 6, 2026·42 min·5-min readconversationalnews
Podzilla Summary (5 min)
TLDR
U.S. Treasury Secretary Scott Bessent made headlines with a leaked to-do list instructing the purchase of Japanese yen, signaling rare U.S. involvement in currency intervention alongside Japan. The move, part of a broader effort to stabilize the deeply weakened yen, reflects concerns over

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Guest

B

Brad Setser

conversational on Odd Lots

Mentions

Books, people, and resources mentioned in this episode.

People

Scott BessentAdam Posen

Companies

Bank of Japan

Products & Tools

FIMA Repo Facility

Topics

BankingEconomicsFederal ReserveForeign PolicyGeopoliticsInflationPolitical News

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