Bessent Gets in Touch With Japan as Treasuries Get Roiled

Treasury Secretary Scott Bessent said he had spoken with his Japanese counterpart amid a selloff in Japan’s government bonds that he said had fed through to affect the Treasuries market.

“I’ve been in touch with my economic counterpart in Japan, and I am sure that they will begin saying the things that will calm the market down,” Bessent said in a Fox News interview from Davos, Switzerland, where he was attending the annual World Economic Forum.