Former BOJ Officials Express Alarm Over US Treasury Interventions in Japan's Monetary Policy

Former officials from the Bank of Japan (BOJ) have voiced significant concerns regarding what they describe as unconventional interventions by U.S. Treasury Secretary Scott Bessen in Japan's monetary affairs. These actions, according to the former officials, risk undermining the credibility of the BOJ and could lead to increased volatility across global financial markets. The development comes as the BOJ is anticipated to implement a 25 basis point interest rate hike, a move that could further impact bond markets, with Japan's 10-year bond yields already surpassing 3%.