The US Treasury secretary said the Japanese government and the Bank of Japan are expected to take measures that would lead to a stronger yen, expressing expectations for BOJ rate hikes. He was also said to expect the BOJ to take appropriate action when asked whether it should consider a series of rate hikes to counter yen depreciation.
In an interview with CNBC in the United States, US Treasury Secretary Scott Bessent (ベセント) said he expects the Japanese government and the Bank of Japan to take measures that would lead to a stronger yen. He also indicated that he believes he has information that the market does not have.
In a Reuters interview the same day, he was asked whether the BOJ should consider a series of rate hikes to counter yen depreciation. He said he expects Governor Kazuo Ueda (植田和男) to take appropriate action with Prime Minister Sanae Takaichi's (高市早苗) backing. Regarding the yen exchange rate, he said it was "quite constrained," indicating that he does not believe it is moving in a disorderly manner.