Becent says he coordinated his intervention with Japan last Friday

3 AUGUST: “OUR GOVERNMENT SUPPORTS OUR TRUSTED PARTNERS. ECONOMIC SECURITY IS NATIONAL SECURITY, AND THE UNITED STATES-JAPAN ALLIANCE IS BUILDING ON BOTH. THE COORDINATED FOREIGN EXCHANGE OPERATION LAST FRIDAY RESPONDED TO THE DISORDERLY FLUCTUATIONS OF THE YEN. THE MINISTRY OF FINANCE MAINTAINS CLOSE ATTENTION AND MAINTAINS CLOSE COMMUNICATION WITH COLLEAGUES FROM THE MINISTRY OF FINANCE AND THE CENTRAL BANK OF JAPAN. WE WILL NOT HESITATE TO ENGAGE IN FURTHER JOINT INTERVENTIONS. THE FIMA BUY-BACK TOOL (THE FOREIGN AND INTERNATIONAL MONEY AUTHORITY BUY-BACK TOOL) IS AN IMPORTANT BACK-UP. WE ENCOURAGE ITS EXPANSION IN THE COMING MONTHS. WE STRONGLY SUPPORT JAPAN'S DECISIVE MARKET AND MONETARY MEASURES TO CORRECT THE SIGNIFICANT UNDERESTIMATION OF THE YEN.” KIM XIAN