Correction to Scott Bessent's Yen Trade Article [INCLUDE THE DATE e.g., on Aug. 5 -- WSJ
Dow Jones2026/08/06 09:19The problem with intervening by lending dollars to Japan is it eases monetary conditions in the U.S. -- adding fuel to the stock rebound since Situational Awareness blew up last week. "Scott Bessent's Yen Trade Has Unintended Consequences for the Markets," at 10 p.m. ET on Aug. 5 incorrectly said Japan wanted a stronger dollar, and lending dollars to Japan would make intervention less likely to work.
(END) Dow Jones Newswires
August 06, 2026 05:19 ET (09:19 GMT)
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