US Treasury Secretary Scott Bessent met with the Governor of the Bank of Japan and called for stronger market and monetary policy measures to curb yen weakness. With the BOJ’s next meeting approaching, pressure from the US has once again come into focus.
US Treasury Secretary Scott Bessent met with BOJ Governor Ueda Kazuo (植田 和男) on 30 August. The meeting took place in Asheville, North Carolina, in the southern United States, ahead of the G20 Finance Ministers and Central Bank Governors Meeting.
The US side stressed that Japan should take decisive market and monetary policy measures to curb yen weakness. The BOJ’s Monetary Policy Meeting is scheduled for 17 and 18 September.
The exchange is being viewed as part of the debate over pressure on the BOJ to raise interest rates and the problem of yen weakness, and could affect future policy responses and market trends. The article explains the pressure on the BOJ in a Q&A format.
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