The Bank of Japan should end large-scale economic stimulus and increase interest rates to strengthen the yen.

🟠 UPDATE US Treasury Secretary Bessent Urges BoJ to Act on Monetary Policy Scott Bessent's comments effectively lock the Bank of Japan into raising rates in September and pressure it to step up hikes going forward. 📰 https://www.msn.com/en-in/news/other/japan-faces-day-of-policy-reckoning-as-scott-bessent-calls-time-on-big-stimulus/ar-AA2bjNrK #USA #Markets #Geopolitics #GeoWire

🟠 UPDATE US Treasury Secretary Bessent Urges BoJ to Act on Monetary Policy US Treasury Secretary Scott Bessent specifically urges Japan to boost the yen through interest rate hikes, citing that a weak yen has increased import prices and broader inflation. 📰 https://www.msn.com/en-xl/money/economy/us-treasury-s-bessent-calls-on-japan-to-boost-yen-through-interest-rate-hikes/ar-AA2biGDa #USA #Markets #Geopolitics #GeoWire

🟠 UPDATE US Treasury Secretary Bessent Downplays Bond Market Volatility Amid Yield Spike U.S. Treasury Secretary Scott Bessent explicitly demanded that Japan end big economic stimulus and implement interest rate hikes, linking this condition to U.S. efforts to support the yen. 📰 https://www.msn.com/en-ca/politics/government/analysis-japan-faces-day-of-policy-reckoning-as-bessent-calls-time-on-big-stimulus/ar-AA2bmwP7 #USA #Markets #Geopolitics #GeoWire