The U.S. Treasury secretary met with the Bank of Japan governor and conveyed his intention to support Japan’s resolute market measures and monetary policy in response to yen depreciation. He also said that appropriately formulating and communicating policy was important to avoid excessive exchange-rate volatility.
It was disclosed that U.S. Treasury Secretary Scott Bessent had met with Bank of Japan Governor Kazuo Ueda (植田和男). During the meeting, he conveyed his intention to support Japan’s resolute market measures and monetary policy in response to yen depreciation.
The U.S. side directly conveyed to the BOJ governor the importance of appropriately formulating and communicating monetary policy to avoid excessive exchange-rate volatility. This was said to suggest that Japan intended to accelerate its policy implementation.