On November 9th, U.S. Treasury Secretary Scott Vesser discussed the significance of Japan's ruling Liberal Democratic Party, led by Prime Minister Sanae Takaichi, winning the recent election. He emphasized that a strong Japan contributes to a stronger U.S. presence in Asia, categorizing Takaichi as a 'great ally' and noting the positive relationship with former President Donald Trump. Vesser’s remarks underline the importance of U.S.-Japan cooperation as a cornerstone of future strategic planning in Asia.

Vesser also addressed economic relations with China, indicating that while the U.S. does not desire complete economic separation from China, efforts are being made to reduce risks through a strategy he termed 'derisking'. This aligns with the previous administration's approach, emphasizing selective risk management rather than full decoupling across all economic sectors. His comments suggest a calculated approach to navigating the complexities of global trade and economic relations.

In light of U.S. policy towards Iran, Vesser mentioned that President Trump directed maximum pressure on Iran through extensive use of Treasury resources. He highlighted ongoing sanctions against Iran's oil sales and measures to track and freeze financial flows. With current economic turmoil in Iran leading to protests, Vesser expressed that significant funds are being moved out by Iranian leadership, indicating a dire economic situation that could see the Treasury return previously frozen funds to the Iranian people should conditions warrant it.