Central Banks
US Treasury Reveals Potential $5bn-$10bn Japanese Yen Purchase Plan (Aug 01, 2026)
The US Treasury Department has inadvertently signaled a potential plan to acquire $5bn-$10bn in Japanese yen, a revelation that emerged from a visible "to do" list belonging to Treasury Secretary Scott Bessent during a cabinet meeting [5]. This development surfaces as the European Central Bank (ECB) issues a stark warning regarding the escalating threat posed by the climate crisis and nature breakdown to core financial stability within the global economy [4].