Bessent Hints BOJ Should Raise Rates to Boost Yen

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Source: Based on data from WSJKey Points:In Tokyo, Treasury Secretary Scott Bessent gave some support to Japan’s currency interventionHe also issued a thinly veiled hint that he “expects” BOJ to raise interest rates at its June meetingBessent thinks this will boost the yenWould it really boost yen; a look at the recordCurrency markets shake off Bessent’s “jawbone intervention”Why is yield on 10-year JGB rising?Expectation for June hike in overnight interest rateWill this impact US finances?The memo below is available only to paid subscribers. Free subscribers can get instant access to the full text of this and all future Memos by subscribing for $50 per year. If you only want this Memo, you can subscribe for a month for $5, get the Memo, and then cancel. You will also receive any other memos I put out over the coming 30 days. Journalists desiring to cite this piece can write to me at rbkatz@rbkatz.com to obtain the full text. Free subscribers will continue to get the full text of my regular Posts. Read more