U.S. Treasury Secretary Bessent expects Japan to act on yen, hints at BOJ rate hike

U.S. Treasury Secretary Scott Bessent stated his expectation that the Japanese government and the Bank of Japan (BOJ) will take measures to strengthen the yen, signaling a potential for a BOJ rate hike. This follows earlier remarks where Bessent expressed confidence in BOJ Governor Kazuo Ueda to address yen declines.