Bessent’s comments on monetary policy were generalHad no direct talks about direction of monetary policyBessent knows well about rules on central banks, likely wasn’t urging BOJ to raise ratesNo specific discussions on FX as well in the meetingThere is no change to the US-Japan joint statement on FXIt is desirable for currencies to move in stable manner, reflecting fundamentals
She’s making reference to the earlier comments here. But yeah, I’m sure Bessent wasn’t trying to subtly hint at anything there. Like really sure. Like 200% sure. Or sorry, make that 300%. Pfft. Ignorance is bliss as they say. So, this is a good jibe back at the US.
This article was written by Justin Low at investinglive.com.