Yasumasa Maruyama, an economist at Nikko Securities, said that the comments made by US Treasury Secretary Besant about the Bank of Japan's slow action on inflation are unlikely to affect the Bank of Japan's stance. Maruyama said, "This is different from the rate hike calls that appeared earlier this spring, which were driven by exchange rate factors. The key focus is still on when the Bank of Japan will approve further rate hikes after assessing the impact of tariffs." Bank of Japan Governor Haruhiko Kuroda has stated that he believes the risk of Japan being slow to act on inflation is small, and he continues to seek further rate hikes.
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Nikko Securities: Bessant's remarks are unlikely to affect the Bank of Japan's stance
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