TOKYO -- U.S. Treasury Secretary Scott Bessent, in a meeting with his Japanese counterpart, underlined the importance of "sound monetary policy formulation" to control inflation and prevent exchange rate volatility, the department revealed in a readout on Tuesday.
Bank of Japan
US Treasury seeks 'sound monetary policy' from Japan amid weak yen
Bessent tells Japanese counterpart conditions differ from Abenomics era
Finance Minister Satsuki Katayama, left, greets U.S. Treasury Secretary Scott Bessent before their meeting in Tokyo on Oct. 27. (Pool photo)
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