Bessent believes BoJ will act in support of yen
‘I have information that the market doesn’t have,’ US Treasury secretary says
Scott Bessent has said he expects the Bank of Japan to take action to support the yen and that markets are pricing in rate hikes from the central bank.
The US Treasury secretary made the comments in an August 31 interview with CNBC, in which he predicted that the BoJ’s support for the yen would come as part of a joint effort with the Japanese government. Asked about interventions in yen foreign exchange markets, which the US and Japanese authorities confirmed they carried out jointly in early
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