How Bessent Played Japan: A Hedge Fund Veteran’s Guide to Deflecting Blame

Treasury Secretary Scott Bessent, a hedge fund veteran who spent decades trading currencies and bonds, has emerged as the Trump administration’s chief crisis manager in global markets—accurately diagnosing Japan’s historic bond selloff while strategically framing the narrative to shield the White House from blame over its aggressive Greenland campaign. The playbook reveals how the former hedge fund manager is turning Asia’s two largest US allies into very different chess pieces—one to absorb blame, the other to deliver investment. Hedge Fund Veteran Spots Japan’s “Six-Standard-Deviation Move” In an interview on January 20, Bessent pointed to extraordinary volatility in Japan’s bond market as the primary driver of global market turmoil. “I think it’s very difficult to disaggregate the market reaction from what’s going on endogenously in Japan,” Bessent said source: https://beincrypto.com/how-bessent-played-japan/