#Japanese yen
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Global economy developments on October 7: JICA support for Vietnam and record exchange rate shifts
On October 7, 2026, key highlights in the global economy included JICA's support package for Vietnam, the won surging to an 18-year high against the yen, the EIA raising its oil forecasts, and IMF warnings.
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Artificial Intelligence
Economy
US Treasury Department issues statement on financing regarding Japanese yen intervention
US Treasury Secretary Scott Bessent announced that the Exchange Stabilization Fund was used in Japan's yen intervention and that no credit was extended to Japan. Japan carried out a record intervention of 15.4 trillion yen between July 30 and August 26.
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Economy
US Treasury Secretary Bessent Warns of Disorderly Movements in Yen Markets
US Treasury Secretary Scott Bessent stated that disorderly movements in the Japanese yen markets could lead to global instability and increase borrowing costs in the US. Bessent emphasized that no loans were provided to Japan and that the Exchange Stabilization Fund is used only for currency swaps.
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Economy