- BOJ Governor Kazuo Ueda faces heightened financial-market turbulence risk ahead of this month’s policy decision.
- A failure to raise rates would surprise traders and risk sending the yen lower, increasing the inflation outlook toward 3% later this year.
Quotes
“Any failure to follow Bessent’s barely camouflaged calls to raise interest rates would now not only surprise traders who fully expect a move, but also send the yen tumbling.”