US Treasury Secretary Bessent backs Yen support, urges BoJ clarity
US Treasury Secretary Scott Bessent said on Tuesday that he emphasized the importance of sound formulation and communication of monetary policy to anchor inflation expectations in a meeting with Bank of Japan (BoJ) Governor Kazuo Ueda.
US Treasury Secretary Scott Bessent highlighted the need for clear and effective communication of monetary policy to stabilize inflation expectations during a meeting with Bank of Japan Governor Kazuo Ueda on Tuesday. Bessent expressed his strong support for Japan's efforts to rectify the overvaluation of the Yen, urging the central bank to navigate market and monetary measures while avoiding excessive foreign exchange rate volatility.
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