Akazawa Says Bessent Isn’t Asking Japan to Hike Rates
According to the news article, Japan's chief trade negotiator Ryosei Akazawa stated that US Treasury Secretary Scott Bessent is not directly asking Japan to raise interest rates. This comes a day after Bessent's comments, which suggested that the Bank of Japan is lagging behind in its efforts to combat inflation. Akazawa's remarks aim to clarify the position of the US, indicating that Bessent's previous statement was not a direct call for Japan to hike its interest rates. The article highlights the nuanced diplomatic exchanges between the two countries regarding their respective monetary policies and their impact on the global economy.
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