U.S. Treasury Secretary Scott Bessent stated on August 31, 2026, that he believes Japan's government and central bank will take action to strengthen the yen, signaling a strong likelihood of a Bank of Japan interest rate increase. The remarks reflected U.S. expectations for Japanese monetary policy.
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Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance Reuters
U.S. Treasury Secretary Scott Bessent said he believes Japan's government and central bank will take action that leads to a stronger yen, CNBC reported on Monday, signaling a strong chance of a Bank of Japan interest rate hike in September.
US Treasury Secretary Scott Bessent says he believes Japan’s government and central bank will take action that leads to a stronger yen, signalling a strong chance of a Bank of Japan (BOJ) interest rate hike in September. The remarks to CNBC on Monday followed those by Bessent a day earlier, when said he expected BOJ Governor Kazuo Ueda to “do the right thing” on monetary policy to combat yen decl