Japan has kept one of the lowest policy rates among major economies, even as its key inflation gauge has held at or above the 2% target for more than three years. Last month, Ueda struck a dovish tone and gave no timeline for policy tightening.
Hideo Kumano of Dai-Ichi Life Research Institute said Bessent’s remarks — breaking the usual norm of avoiding public comment on another country’s monetary policy — could be aimed at weakening the dollar, and may complicate the BOJ’s next move. Marito Ueda of SBI Liquidity Market added that such US pressure raises the chances of a BOJ hike this year, possibly as soon as October or December.
USD/JPY has fallen during the session, lows have been around 146.40.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about us treasury secretary scott bessent criticised bank of japan says its time to hike rates was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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