The Yen Showdown: Bessent's Threats Raise Stakes for BOJ US Treasury Secretary Scott Bessent has sent a clear signal to Japan's government and central bank that it is time to take action on the yen.
For months, the Japanese currency has been sliding against the dollar, fueling concerns about import prices and inflation.
The slow pace of rate hikes by the Bank of Japan (BOJ) has come under fire from policymakers in Tokyo and Washington.