Forex
Bessent Urges BOJ to Anchor Inflation Expectations with Rate Hike
U.S. Treasury Secretary Scott Bessent met with Bank of Japan Governor Kazuo Ueda on the sidelines of the G20 finance ministers' and central bank governors' meeting in Asheville, North Carolina.
Bessent called for sound monetary policy to anchor inflation expectations and avoid excessive currency volatility during their meeting.
The remarks reinforce Bessent's recent calls for the BOJ to raise interest rates, underlining the case for a hike at its upcoming policy meeting on September 17-18.