# US Treasury's Bessent reportedly proposes buying $5-10bn in yen

A reported internal to-do list from Treasury Secretary Scott Bessent includes a proposal for the US to purchase $5bn-$10bn of Japanese yen. Such a move would represent a rare US intervention in foreign exchange markets, potentially aimed at weakening the dollar. If pursued, it could significantly impact global currency markets and US-Japan economic relations.

**Importance:** 4/5

## Sources

### World
- [The Guardian World](https://www.theguardian.com/us-news/2026/jul/31/scott-bessent-japanese-yen) — Sat, 01 Aug 2026 00:33:29 GMT