Scott Bessent meets Japanese leaders on currency, rare earths and Iran
Updated
Updated · Bloomberg · May 7
Scott Bessent meets Japanese leaders on currency, rare earths and Iran
7 articles · Updated · Bloomberg · May 7
The US Treasury secretary will spend three days in Japan from Monday, with separate Tuesday meetings expected with Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama and BOJ Governor Kazuo Ueda.
Talks are set to focus on recent currency market moves, rare earths and the war in Iran before Bessent travels on to China.
The Japan visit comes ahead of a planned meeting with Chinese President Xi Jinping, linking Tokyo discussions to wider US engagement on economic and geopolitical tensions in Asia.
As Japan's currency interventions fail, will the US step in to prevent the yen's collapse?
Will China help the US reopen the Strait of Hormuz, or prioritize its own Iranian oil supply?
Can allied projects break China's rare earth monopoly before the 2027 US defense deadline?