Economic TimesLean R·
Global Market: Bessent's BOJ comments raise expectations of September rate hike, spark independence concerns
US Treasury Secretary's comments boost expectations for a Bank of Japan rate hike. Market watchers anticipate a potential increase at the September policy meeting. This follows a joint currency intervention aimed at supporting the Japanese yen. The Bank of Japan faces increasing pressure to tighten monetary policy. Future meetings will be closely watched for policy signals.
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