US Treasury’s Bessent calls for ‘sound’ monetary policy in Japan

From brecorder.com

US Treasury Secretary Scott Bessent called for “sound monetary policy” during a meeting with Japanese counterpart Satsuki Katayama, his department said on Tuesday, in the latest swipe at the slow pace of interest rate hikes by the Bank of Japan. The remarks briefly pushed up the yen and come ahead of the BOJ’s two-day policy meeting ending on Thursday, when markets widely expect the central bank to hold off on raising interest rates. “Secretary Bessent highlighted the important role of sound monetary policy formulation and communication in anchoring inflation expectations and preventing excess exchange rate ... (full story)