Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance

Treasury Secretary Scott Bessent said he believes Japan’s government and central bank will take action that leads to a stronger yen, CNBC reported on Monday, signaling a strong chance of a Bank of Japan interest rate hike in September. The remarks followed those by Bessent on Sunday, when he said that he expects BOJ Governor Kazuo Ueda to “do the right thing” on monetary policy to combat yen declines.