Japan gov't should allow BOJ policy space for currency stability: Bessent

U.S. Treasury Secretary Scott Bessent on Wednesday urged Prime Minister Sanae Takaichi's government to give the central bank room to maneuver in setting policy for currency stability, in an apparent intervention in Japan's monetary and foreign exchange policy.The Japanese government's "willingness to allow the Bank of Japan policy space will be key" to "avoiding excess exchange rate volatility," Bessent said on social media, in a rare remark by a U.S. official regarding another country's currency policy.Following Bessent's post on the X social media platform, the yen briefly strengthened ag…READ FULL ARTICLE