Bessent pressures Japan's BOJ Governor Ueda on rate hikes amid weak yen
US Treasury Secretary Scott Bessent reportedly met directly with Bank of Japan Governor Ueda and pressured Japan into a rate hike, calling for decisive monetary steps against the weak yen. Ueda responded that the BOJ hopes to continue raising interest rates as financial conditions remain accommodative, while market participants noted Japan sold USD for yen.
Detected & updated continuously · Source: Nebula
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@CryptoTice_
BREAKING: Bessent just personally pressured Japan into a rate hike. Met BOJ Governor Ueda directly. Called for "decisive" monetary steps against the weak yen. Ueda's response: "We hope to continue raising interest rates as financial conditions remain accommodative." "But we've https://t.co/a5gwDTUypk
@TimedOutClock
Just saw that Japan dumped usd again for the yen. Game on I guess, and no amount of napkins are gonna save Bessent this time