Politics
US Treasury Secretary Bessent says yen fluctuations are pretty well-contained
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US Treasury Secretary Bessent stated yen volatility is contained, signaled the end of Abenomics, and expressed confidence in BoJ Governor Ueda ahead of G20 bilateral talks.
News detail
Says: Japan likely reached the end of Abenomics reflation programme. Will meet BoJ Governor Ueda on the sidelines of G20 Finance Leaders Summit, praised Ueda as an underrated market-savvy economist. With Japanese PM's support, BoJ Governor Ueda will act appropriately on monetary policy. Under PM Takaichi, the government intervenes less in economic policy, adds should sit back and enjoy success of Abenomics and let it run.
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