Bank of Japan rate hike exposes cracks in Bessent’s facade
TOKYO – Two words sprang to mind when the Bank of Japan lifted its policy rate to a 31-year high of 1.25% on Friday: Scott Bessent. No, the US Treasury secretary didn’t cause the 25-basis-point increase announced by Governor Kazuo Ueda. The BOJ was responding to a far more pressing reality: inflation continues to outpace […] The post Bank of Japan rate hike exposes cracks in Bessent’s facade…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
