Bessent Declines to Advise Bank of Japan on Rate Increases

i-cable.com

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[Cable News] The Japanese yen has stabilized after falling below 160 against the US dollar, rising back above 159.8. The exchange rate is currently around 4.91 Hong Kong dollars per 100 yen. US Treasury Secretary Bessenter anticipates...

Dagens industri

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U.S. Treasury Secretary Scott Bessent expects Bank of Japan Governor Kazuo Ueda to “do the right thing” on monetary policy, he said on Sunday, according to Reuters. The Treasury secretary’s latest comments fuel expectations of an early interest rate hike.

FNN.jpプライムオンライン

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As the yen weakens again, U.S. Treasury Secretary Bescent stated that he expects Governor Ueda to make the "right judgment" regarding the Bank of Japan's interest rate hike as a response to the weaker yen. Last weekend, the yen briefly hit the low 160s against the dollar. This was due to Federal Reserve Chairman Warsh indicating a positive stance towards interest rate hikes in a speech. The government and the Bank of Japan intervened at the end …

産経ニュース

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On the 30th, U.S. Treasury Secretary Bencent, in an interview with Reuters, was asked whether the Bank of Japan should consider consecutive interest rate hikes as a measure to combat the weak yen. He said he expected Governor Kazuo Ueda to take "appropriate action" with the support of Prime Minister Sanae Takaichi. He added that the yen has been "quite restrained" recently…