TOKYO -- Despite a stated preference for a strong dollar within President Donald Trump's administration, the U.S. could support Japanese interest rate hikes that shore up a yen seen as excessively weak, potentially pressuring Tokyo to get on board as well.
Currencies
U.S. may welcome BOJ rate hikes despite strong-dollar policy
Treasury chief Bessent signals low tolerance for perceived currency manipulation
Bank of Japan Gov. Kazuo Ueda, left, and U.S. Treasury Secretary Scott Bessent spoke by phone shortly before the Feb. 7 U.S.-Japan summit. (Source photos by Nikkei and Reuters)
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