US Treasury Secretary Scott Bessent said the Japanese government may take measures to strengthen the yen, amid expectations of a Bank of Japan rate hike. He made the remarks in a CNBC interview ahead of the opening of the G20 Finance Ministers and Central Bank Governors Meeting.
US Treasury Secretary Scott Bessent said in a CNBC interview on the 31st that he believes the Japanese government and the Bank of Japan will take measures to strengthen the yen. The G20 Finance Ministers and Central Bank Governors Meeting also opened in Asheville, North Carolina, on the same day, US time.
Markets are said to be pricing in a rate hike based on decisions by Japan's financial authorities, and Bessent expressed his expectations for action by Japan. The article focuses on remarks made to CNBC.
The article sets out the venue and timing of the G20 meeting, along with the sequence of events involving the key speakers, and confirms the growing international attention on the Bank of Japan's conduct of monetary policy.