U.S. Treasury Secretary Scott Bessent, a former hedge fund manager, used turmoil in the Japanese bond market as a political shield. He publicly attributed recent global market fluctuations to Japan's "six sigma volatility" to pressure Japanese officials into intervention. Japanese Finance Minister Mayuko Katayama subsequently made commitments to fiscal sustainability, calming the bond sell-off. This narrative shifted attention away from the escalating trade threats from the Trump administration over Greenland. In contrast, Bessent verbally supported the Korean won, emphasizing a strategic, country-by-country approach that aligns with American interests.