Bessent Backs BOJ Action Amid Yen Weakness

Treasury Secretary Scott Bessent recently met with Bank of Japan Governor Kazuo Ueda to discuss measures to strengthen the yen. The meeting took place on September 1, 2026.

Bessent expressed his support for Japan's efforts to address the yen's undervaluation and its impact on domestic inflationary pressures in Japan. He noted that the yen weakness contributes significantly to these pressures.

The Treasury Department released a readout of the meeting, which detailed Bessent's comments on Japan's market and monetary steps to tackle the yen's undervaluation.