Bessent calls time on Japan's big stimulus, signals fiscal package
U.S. Treasury Secretary Scott Bessent said the U.S. will have a 'fulsome fiscal package,' called time on Japan's big stimulus while saying Japan is taking right steps for its economy, and stated the rest of the world needs to protect trade and factory jobs from China's exports. He also said it is unclear whether G20 ministers will take steps needed for higher growth and that imbalances created by some countries are reducing growth elsewhere.
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Japan faces day of policy reckoning as Bessent calls time on big stimulus https://t.co/0HE8GyhzYO https://t.co/0HE8GyhzYO
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🚨 US TREASURY SECRETARY BESSENT: US WILL HAVE A FULSOME FISCAL PACKAGE
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BESSENT: I THINK THAT JAPAN IS TAKING RIGHT STEPS FOR ECONOMY
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🚨 US TREASURY SECRETARY BESSENT: UNCLEAR WHETHER G20 MINISTERS WILL TAKE STEPS NEEDED FOR HIGHER GROWTH
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🚨 US TREASURY SECRETARY BESSENT: IMBALANCES CREATED BY SOME COUNTRIES ARE REDUCING GROWTH ELSEWHERE
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BESSENT: REST OF THE WORLD NEEDS TO TAKE STEPS TO PROTECT TRADE, FACTORY JOBS FROM CHINA’S EXPORTS