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U.S. Treasury Secretary Bessent commended Japan’s monetary policy independence, boosting the yen as markets reacted positively.
U.S. Treasury Secretary Bessent praised Japan’s monetary policy framework, stating the government grants the Bank of Japan sufficient independence to manage inflation and prevent excessive currency volatility, prompting a rise in the yen.
Japan’s chief cabinet secretary declined to comment, reaffirming that monetary policy remains the Bank of Japan’s responsibility.
The USD/JPY rate fell below 151.80 amid market confidence in U.S.-Japan economic coordination.
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El secretario del Tesoro de EE.UU., Bessent, elogió la independencia de la política monetaria de Japón, impulsando el yen a medida que los mercados reaccionaban positivamente.