U.S. Treasury Secretary Bessent Emphasized Importance Of Sound Formulation And Communication Of Monetary Policy To Anchor Inflation Expectations In Meeting With Bank Of Japan Governor; Bessent Also Expressed Strong Support For Japan's Decisive Market And Monetary Steps To Address The Substantial Undervaluation Of The Yen; Noted The Role Of Yen Weakness In Contributing To Domestic Inflationary Pressures In Japan
U.S. and Japan's leaders talked about keeping prices stable and making sure the yen (Japan's money) is valued fairly, which helps both countries' economies work better. When big leaders communicate clearly about money policy, it can help calm people's worries about inflation (when things cost too much) and make markets more steady.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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