Bessent urges BOJ chief to combat weak yen with ‘decisive’ monetary steps
U.S. Treasury Secretary Scott Bessent also urged central bank Gov. Kazuo Ueda to anchor inflation expectations and avoid excessive yen volatility through sound monetary policy.
U.S. Treasury Secretary Scott Bessent met with Bank of Japan Governor Kazuo Ueda to advocate for "decisive" monetary actions to address the weakening yen, according to the Treasury Department. In this meeting, Bessent also called on the Bank of Japan (BOJ) to stabilize inflation expectations and prevent excessive yen volatility through prudent monetary policy, as stated in a Tuesday statement.
Bessent's emphasis on the need for a rate hike aligns with his recent calls for the BOJ to raise interest rates. This support bolsters the argument that the central bank should implement borrowing cost increases at its upcoming meeting on September 17-18.
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- Bessent urges BOJ chief to combat weak yen with 'decisive' monetary steps channelnewsasia.com
- Bessent urges BOJ chief to combat weak yen with ‘decisive’ monetary steps freemalaysiatoday.com
