U.S. Treasury Secretary Scott Bessent said recent movements in the yen exchange rate have been “fairly stable” and denied pressuring the Bank of Japan to raise interest rates. His remarks were reported in a Reuters interview.
U.S. Treasury Secretary Scott Bessent said in a Reuters interview that recent movements in the yen exchange rate have been “fairly stable,” suggesting that U.S.-Japan coordination may be influencing the yen’s weakness.
He denied pressuring the Bank of Japan to raise interest rates, explaining that the United States and Japan are not immediately seeking changes in monetary policy as a factor contributing to the yen’s weakness.