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Bessent defends yen support, cites US borrowing cost risks

After multiple warnings against the "speculative" and "one-sided" currency moves, Japan's Ministry of Finance appears to have put its money where its mouth is and intervened in the yen during the country's Golden Week h…

Isabel Schnabel: Central banks on-chain

It is a great pleasure to discuss Darrell Duffie’s paper “Tokenized finance and the perimeter of central banking” at this year’s Jackson Hole Economic Policy Symposium.[1]