Finance Minister Says Japan Must Watch Economic Backdrop to Calls for BOJ Rate Hike

Finance Minister says Japan must watch economic backdrop to calls for BOJ rate hike

By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s Finance Minister Katsunobu Kato said on Friday the government must closely watch the economic and price backdrop behind recent business sector calls for the central bank to raise interest rates. But specific monetary policy decisions were up to the Bank of Japan, he said at a news conference. Kato declined to comment when asked about U.S. Treasury Secretary Scott Bessent’s remarks tha…

Bessent’s Rebuke to BOJ’s Cautious Approach Sends Yen Higher

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Japan’s Nikkei Stock Average Slips from Record Peak on Concerns over BOJ Policy, Stronger Yen

TOKYO, Aug 14 (Reuters) – Japan’s Nikkei share average slipped on Thursday, pulling back from the record high reached in the previous session, amid concerns over the Bank of Japan’s (BOJ) potential policy shift and a stronger yen.

Asia stocks pause after rally; yen gains on Scott Bessent's comments

The MSCI Asia Pacific Index fell 0.2% as Japanese stocks slid 1.1%

USD/JPY slumps to near 146.50 as US Bessent anticipates BoJ interest rate hikes

The USD/JPY pair falls sharply to near 146.50 on Thursday. The pair faces a sharp selling pressure as the Japanese Yen (JPY) outperforms its peers, following comments from United States (US) Treasury Secretary Scott Bessent that the Bank of Japan (BoJ) would raise interest rates.