Today's story
Bessent downplays yen weakness, defers to Bank of Japan on rates
US Treasury Secretary Scott Bessent said the yen moves are pretty well contained and not disorderly, signaling patience for BoJ Governor Kazuo Ueda to set policy pace and suggesting Japan may have reached the end of Abenomics under Prime Minister Sanae Takaichi. As the G20 gathering approaches, he also indicated robust talks with China and a shift toward letting Tokyo manage monetary policy, while avoiding fresh intervention and watching incoming data for further steps.
Finance · 8 sources · Aug 31, 2026Read itThe journal
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About Kazuo Ueda
Kazuo Ueda is a Japanese economist who has been serving as the 32nd Governor of the Bank of Japan (BOJ) since April 2023.
Everything about Kazuo Ueda →- Occupation
- economist, professor
- Position held
- governor of the Bank of Japan
- Citizenship
- Japan
- Born
- September 20, 1951