Japan bets on BOJ shift and US backing to strengthen yen
Updated
Updated · The Japan Times · May 9
Japan bets on BOJ shift and US backing to strengthen yen
10 articles · Updated · The Japan Times · May 9
The strategy hinges on the Bank of Japan, the finance ministry and Washington, with US Treasury Secretary Scott Bessent seen as key to giving yen-buying intervention more force.
Governor Kazuo Ueda's hawkish pivot last month brought the BOJ into rare alignment with the Ministry of Finance, presenting markets with a more unified official front.
Officials are aiming less for a sharp reversal than to slow the yen's slide by making bets against the currency more costly.
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