Video | US Treasury Secretary Yellen: Japanese Government and Central Bank to Take Measures to Promote Yen Appreciation

U.S. Treasury Secretary Yellen, in an interview with CNBC, stated that government intervention in the market is not meant to forcefully change interest rates or exchange rates, but rather to send a signal to the market to refocus on the fundamentals. She believes that the U.S. is currently one of the best-performing bond markets, and the market will ultimately return to its natural equilibrium. Regarding the yen, Yellen expressed her belief that the Japanese government and the Bank of Japan will take measures to strengthen the yen, and the market has already begun to price in expectations of a Japanese interest rate hike.