Bessent Backs Ueda Amid Yen and Inflation Pressure

Bessent attributed Japan’s recent inflationary surge to the dual pressures of a weakened currency and volatile energy costs. He argued that as these external factors stabilize, the country is positioned to enter a more favorable economic cycle. By addressing the excessive weakness of the yen, the Bank of Japan aims to restore balance without triggering further volatility. The Treasury Secretary’s remarks underscore the close monitoring of Tokyo’s fiscal policy as the U.S. seeks to manage international currency fluctuations and trade dynamics.