Bessent expects BoJ to raise policy rate
US Treasury secretary also says inflation in Japan is dragging up yields on long-term US bonds
Scott Bessent has said inflation in Japan has pushed up the yields on long-term US Treasuries, and that he expects the country’s central bank to raise rates.
Speaking to Bloomberg Television yesterday (August 13), the US Treasury secretary said he viewed US inflation expectations as well anchored, but added that there was “definitely leakage” from Japan.
Bessent said he had discussed this with the Bank of Japan’s governor Kazuo Ueda. “My opinion – not his – [is that] they’re behind the curve,” he
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