BoJ's Ueda Signals Possible September Rate Hike as US Urges Decisive Yen Action

BoJ President Kazuo Ueda indicated a possible rate hike at the September meeting, citing intensifying inflationary risks, and noted US Treasury Secretary Scott Bessent requested 'decisive' monetary measures to combat yen depreciation. Ueda stopped short of committing to a hike, leaving the decision data-dependent. This marks a potential shift toward tighter policy, with external pressure from the US adding to domestic inflation concerns.