Japanese media says the BoJ could face pressure to hike rates from the US.
The Nikkei article is gated, but in brief (bolding in mine)
- As President Donald Trump's administration debates the details of planned reciprocal tariffs, Washington has signaled that it could treat currency manipulation as a nontariff barrier that could trigger a counter levy from the U.S.
- If Japan becomes the target of U.S. probes for possible reciprocal tariffs and the White House concludes the yen's weakness is linked to the Bank of Japan's monetary policy, the central bank could face pressure from Washington to move faster as it weighs additional interest rate hikes.
