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Treasury has not disclosed details of yen purchases, Democrat says
According to CNBC Markets, a lawmaker pressed for specifics that Treasury has not provided, including amounts, execution rate, and the current value of the position.
Treasury has not disclosed key details about how much yen it bought, the execution rate, or the current value of the position, a Democrat lawmaker said, according to CNBC Markets.
CNBC Markets reports the lawmaker requested the information after questioning Treasury about yen intervention, but Treasury did not provide the requested breakdown.
The dispute centers on the absence of transparency around the yen-related transactions and the information Treasury is withholding on the position’s size and economics.