Bessent Sees Yen Moves as Controlled, Declines to Push BOJ on Rates
U.S. Treasury Secretary Scott Bessent told Reuters that the recent depreciation of the yen appears to be "pretty well contained," and he is not urging the Bank of Japan to change its monetary policy. Bessent said he expects BOJ Governor Kazuo Ueda to act appropriately with backing from Prime Minister Sanae Takaichi, and noted that the recent yen dr…