US Treasury Secretary Scott Bessent says he is confident Bank of Japan (BOJ) governor Kazuo Ueda will “do what is best,” according to NHK, as reported by multiple outlets. The comments come amid an ongoing dialogue between US officials and Japanese monetary policy. In prior remarks, Bessent had argued for higher Japanese interest rates, a stance that has been closely watched by markets and policymakers because of the impact that Japan’s rates can have on global capital flows and currency movements.
The latest statement frames Bessent’s position as one of confidence in Ueda’s decisions rather than a direct call for immediate policy changes. It reiterates the broader theme of US interest in Japan maintaining a path toward more normalized monetary settings, while acknowledging that the BOJ ultimately determines policy. Overall, the reporting presents the remarks as part of continuing engagement and commentary by US financial authorities on Japan’s rate direction, with NHK serving as the outlet citing Bessent’s view of Ueda’s forthcoming actions.
