Bessent Urges BOJ to Tame Yen Volatility, Control Inflation Expectations

U.S. Treasury Secretary Scott Bessent met with Bank of Japan Governor Kazuo Ueda during the G20 finance ministers' and central bank governors' meeting in Asheville, North Carolina.

Bessent called on the BOJ to implement sound monetary policy to control inflation expectations and prevent excessive yen volatility, according to a Treasury statement.

The weak yen has increased import prices and broader inflation, raising the cost of living for Japanese households.