Japan's Ueda Faces Market Turmoil Risk Ahead of Policy Decision After Bessent Pressure

According to Wallstreetcn, Bank of Japan Governor Kazuo Ueda faces unusually severe financial market turmoil risk ahead of this month's policy decision after U.S. Treasury Secretary Scott Bessent launched a public pressure campaign. JPMorgan Securities chief Japan economist Ayako Fujita said that if the Bank of Japan does not act after such a clear U.S. signal, it would be a problem, but if markets think the central bank cannot raise rates without a U.S. tailwind, that would pose a major risk to the effectiveness of rate hikes.