Heurist Finance

BOJ raises rates to 31-year high after Bessent pressure campaign

NYT · 8 hours ago
  • The Bank of Japan raised interest rates to a 31-year high.
  • The rate increase was widely expected by markets.
  • The move followed an unusual campaign by U.S. Treasury Secretary Scott Bessent for tighter Japanese monetary policy.

Quotes

“The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.”— NYT

Sources