The US Secretary of the Treasury, Scott Bessent, was a hedge fund manager who used turmoil in the Japanese bond market as a political shield. He publicly attributed recent global market volatility to Japan's "six sigma fluctuations" 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 the Greenland issue. In contrast, Bessent verbally supported the Korean won, emphasizing a strategic, country-by-country approach that aligns with American interests.