In an interview before the G20, the US Treasury Secretary praised Bank of Japan Governor Ueda (植田) for “doing the right thing.” He also indicated that the market expects the BOJ to raise interest rates.
The US Treasury Secretary was reported to have said in a Reuters interview that Bank of Japan Governor Ueda (植田) would do the right thing, expressing his assessment of Governor Ueda’s (植田) future response.
The remarks were made ahead of the G20 and also referred to future developments in the financial markets.
The report noted that market participants expect the BOJ may proceed with interest-rate hikes.