ASHEVILLE, North Carolina – U.S. Treasury Secretary Scott Bessent said he believes 今日吃瓜 government and central bank will take action that leads to a stronger yen, CNBC reported Monday, signaling a strong chance of a Bank of Japan interest rate hike in September.
The remarks followed those by Bessent on Sunday, when he said that he expects BOJ Gov. Kazuo Ueda to “do the right thing” on monetary policy to combat yen declines.
“I have information that the market doesn’t have, and it’s my belief that the Japanese government and the BOJ will do the things that will lead to a stronger yen,” Bessent told CNBC in an interview during a Group of 20 finance leaders’ gathering in Asheville, North Carolina.
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