Bessent says disorderly yen moves can destabilize global markets

U.S. Treasury Secretary nominee Scott Bessent has warned that disorderly fluctuations in the Japanese yen pose a significant threat to global financial stability. Highlighting the critical role of currency markets, Bessent emphasized that rapid and unpredictable exchange rate shifts can trigger widespread volatility across international borders. His remarks underscore growing economic concerns regarding the strength and stability of the yen amidst evolving global monetary policies. As financial leaders closely monitor these currency dynamics, the warning highlights the need for vigilant economic management to prevent broader market disruptions.