US Treasury’s Bessent calls on Japan to boost yen through interest rate hikes

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