Dossier
Ivan Vyshnegradsky
Coverage of Ivan Vyshnegradsky in the Nexus archive.
- Bessent’s Yen gamble is a warning sign — buckle up
U.S. Treasury Secretary Bessent and Japan’s Ministry of Finance intervened in currency markets to boost the yen, which Bessent claims is undervalued. The intervention included direct yen purchases and public statements, leading to a temporary yen strengthening. The article compares Bessent’s approach to historical currency manipulation by Russian finance minister Ivan Vyshnegradsky.