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US Treasury Secretary Bessent waffling on about the yen and BoJ

US Treasury Secretary Bessent:

  • Uptick in Japan’s inflation was result of weak yen, energy prices
  • As energy prices come down and we no longer have excess yen weakness, that will contribute to inflation coming down and Japan, yen can go into a virtuous cycle
  • I am sure BOJ Governor Ueda will do what is best for Japanese economy

This guy sounds like he has no idea. 

This article was written by Eamonn Sheridan at investinglive.com.

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