AMERICA’S TREASURY secretary, Scott Bessent, is used to making audacious(大胆的，有冒险精神的) bets against central banks. He once worked for Soros Fund Management, the hedge fund famous for “breaking” the Bank of England during the sterling crisis of 1992. But in late July Mr Bessent bet the other way(反向下注，押注相反方向), lining up alongside a central bank in defence of its currency. He dipped into America’s foreign-exchange reserves to help the Bank of Japan (BoJ) buy yen, which had weakened past ¥163 to the dollar for the first time since 1986.(他动用美国外汇储备帮助日本央行买入日元，当时日元已跌破163兑1美元，为1986年以来首次。)
美国财政部长斯科特·贝森特习惯于对央行下大胆的赌注。他曾就职于索罗斯基金管理公司，这家对冲基金因在1992年英镑危机中“击垮”英格兰银行而闻名。但7月下旬，贝森特先生反其道而行之，与一家央行站在一起捍卫其货币。他动用了美国的外汇储备，帮助日本央行（BoJ）买入日元，当时日元兑美元已跌破163日元，为1986年以来首次。
Mr Bessent was not shy about(对……毫不避讳，不害羞) his latest trade. In a cabinet meeting partly open to the press, he left a to-do list visible on the Camp David(戴维营，美国总统度假地) conference table: “Buy Japanese yen,” it said. His boss was also proud of the intervention(干预，介入). “We’re…very, very strong financially,” President Donald Trump proudly explained. “They wanted a little bit of help.”
贝森特先生对自己的最新交易毫不避讳。在一次部分对媒体开放的内阁会议上，他故意将一张待办事项清单留在戴维营会议桌上，上面写着：“买入日元。”他的老板也对这次干预感到自豪。“我们在财务上……非常非常强大，”唐纳德·特朗普总统自豪地解释道。“他们需要一点帮助。”
Japan was no doubt grateful. But it would be wrong to think of it as a helpless naïf(天真幼稚的人). On the contrary, in teaming up with Japan’s government, America was joining forces with one of the biggest currency traders of all time—an institution accustomed to making bets on a scale that would make any hedge fund tremble.(相反，美国与日本政府联手，实际上是加入了一个有史以来最大的货币交易者行列——一个习惯于进行让任何对冲基金都胆寒的规模下注的机构。)
日本无疑心怀感激。但若将其视为无助的幼稚者，那就错了。相反，美国与日本政府联手，实际上是加入了一个有史以来最大的货币交易者行列——一个习惯于进行让任何对冲基金都胆寒的规模下注的机构。
Keep calm and carry off
保持冷静，成功应对