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U.S. Backed Japan’s Yen Intervention to Help Stabilize Asia

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“Treasury Secretary Scott Bessent said Tuesday that the U.S. joined Japan’s effort to strengthen the yen because the currency’s weakness risked destabilizing markets across Asia,” CNBC reports.

Said Bessent: “A stable yen is not only important for the U.S. but very important for the entire region.”

About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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