Basent said he coordinated intervention with Japan on Friday

On August 3, U.S. Treasury Secretary Bessant: "Our government provides support to America's trustworthy partners. Economic security is national security, and the US-Japan alliance is being built on both. Last Friday's coordinated foreign exchange action responded to disorderly movements in the yen. The Ministry of Finance keeps close attention and maintains close communication with colleagues from the Ministry of Finance and the Bank of Japan. We will not hesitate to engage in further joint interventions. The FIMA repo instrument (repo instrument for foreign and international monetary authorities) is an important backing. We encourage its expansion in the coming months. We strongly support Japan's decisive market and monetary measures to correct the significant undervaluation of the yen." (Jin Shi)