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US Treasury Secretary Bessent backs Yen support, urges BOJ clarity

US Treasury Secretary Bessent backs Yen support, urges BOJ clarity

FXStreetFXStreet2026/09/01 16:24
By:FXStreet

The US Treasury Secretary Scott Bessent said that he “emphasized the importance of sound formulation and communication of monetary policy to anchor inflation expectations, in a meeting with the Bank of Japan Governor, Kazuo Ueda.

Bessent added that the support Japan’s steps to address the undervaluation of the Japanese Yen.

Key highlights:

I EMPHASIZED THE IMPORTANCE OF SOUND FORMULATION AND COMMUNICATION OF MONETARY POLICY TO ANCHOR INFLATION EXPECTATIONS IN MEETING WITH THE BANK OF JAPAN GOVERNOR.

I EXPRESSED STRONG SUPPORT FOR JAPAN'S DECISIVE MARKET AND MONETARY STEPS TO ADDRESS THE SUBSTANTIAL UNDERVALUATION OF THE YEN.

I TOLD THE BOJ GOVERNOR TO AVOID EXCESS FX RATE VOLATILITY.

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