U.S. Treasury Secretary Comments on BOJ Yen Policy Ahead of G20 Meetings

As of September 1, U.S. Treasury Secretary Bessent's recent interview comments have spurred yen buying. The Secretary expressed confidence that the Japanese government and the Bank of Japan (BOJ) would take measures to address yen appreciation, noting they possess information not yet reflected in the market. Discussions regarding potential additional interest rate hikes by the BOJ are expected during meetings with Finance Minister Katayama and Governor Ueda at the G20.