U.S. Treasury Secretary Scott Bessent warns Japan to 'I am the house now' amid slowing yen-buying
Scott Bessent stated that U.S. policy control over currency markets has intensified as traders reduce their purchase of Japanese yen.
U.S. Treasury Secretary Scott Bessent told foreign exchange traders in Tokyo on Tuesday, September 11, 2026, that the United States now controls global currency markets. He stated, 'I am the house now.' Yen-buying activity on the foreign exchange market has begun to decline, contradicting his earlier strong remarks intended to support Japanese currency strength. Market participants have shifted away from buying yen, suggesting fundamental economic conditions do not favor a stronger Japanese pound. This trend raises questions about whether Bessent's intervention remains effective against domestic bearish sentiment. Japan's manufacturing sector continues to face operational challenges due to the current exchange rate environment.
