Bessent Expects Japan to Strengthen Yen, Signals BOJ Rate Hike
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US Treasury Secretary Scott Bessent believes that the Japanese government and the Bank of Japan (BOJ) will take actions leading to a stronger yen. He expects this to increase the likelihood of a BOJ interest rate hike in September. Bessent's comments come despite recent yen-buying interventions by Japanese and US authorities. He also mentioned that the US Treasury Department raised its buyback limit for longer-dated securities due to rising US interest rates.
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BESSENT: MY BELIEF IS THAT JAPANESE GOVERNMENT AND BOJ WILL DO THINGS...
US Treasury Sec. Bessent: Believes Japan Govt, BoJ Will Do Things That...
Bessent expects Japan to take action to boost yen, signals BOJ rate-hi...
Bessent expects Japan to take action to boost yen, signals BOJ rate-hi...
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