US Treasury Secretary Bessent in X post:
- Govt’s willingness to allow BoJ policy space will be key to anchoring inflation expectations, avoiding excess FX volatility
- encouraged by Japan FinMin’s deep understanding of how Abenomics has moved away from purely reflationary policy to program that must balance growth, inflationary concerns
The yen has added on a few points on these remarks. USD/JPY is under 151.80 now as I update.
