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Bessent Says BOJ Is Falling Behind the Curve, Expects Hike
They’re behind the curve,” Bessent told Bloomberg TV on Wednesday, noting that that was his opinion, and that he discussed inflation in Japan with BOJ Governor Kazuo Ueda. “So they’re going to be hiking and they need to get their inflation problem under control,
Japan's core inflation rate in July likely slowed from the previous month but remained above the Bank of Japan's 2% target, a ...
US Treasury Secretary Scott Bessent criticized the Bank of Japan’s cautious approach to raising interest rates, saying it was ...
The yen is rising for the third consecutive session, apparently boosted by calls from the US Treasury Secretary for the Bank ...
Pressure is mounting within the Bank of Japan to ditch a vaguely defined gauge of inflation as worries about second-round ...
As speculation mounts that the Bank of Japan will raise interest rates later this year, there’s a growing risk that required ...
Rate-setters will be content on news of a stronger than expected expansion for the Japanese economy in Q2. Real GDP grew by 0.3 per cent on the quarter and 1 per cent annualised.
The dollar fell to its weakest level against the Japanese yen in three weeks after U.S. Treasury Secretary Scott Bessent said he expected the Bank of Japan to raise interest rates to tackle inflation.
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