Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance
U.S. Treasury Secretary Scott Bessent's calls for Bank of Japan rate hikes have been among the factors that led markets to nearly fully price in the chance of a September hike.
U.S. Treasury Secretary Scott Bessent has expressed confidence that Japan's government and central bank will take measures resulting in a stronger yen, according to a report from CNBC on Monday. Bessent's comments came after he suggested on Sunday that Bank of Japan Governor Kazuo Ueda should "do the right thing" regarding monetary policy to address yen depreciation.
"I have information that the market doesn't have, and it's my belief that the Japanese government and the BOJ will take the necessary steps to strengthen the yen," Bessent stated in an interview during a Group of 20 finance leaders' meeting in Asheville, North Carolina.
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- Japan’s Katayama: Confirmed with Bessent that continued, coordinated action on FX is needed fxstreet.com
- Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance straitstimes.com
- Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance finance.yahoo.com
- Bessent says he believes Japan will take action leading to stronger yen channelnewsasia.com
- Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance japantimes.co.jp
- Bessent says he believes Japan will take action leading to stronger yen investing.com
