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Bessent's support for BOJ may clear political hurdles for June hike
U.S. Treasury Secretary Scott Bessent's jab at Japan's dovish premier may help clear political hurdles for the Bank of Japan to raise interest rates in June, analysts say, though there is uncertainty on whether it can support the yen. Bessent told Reuters on Tuesday he was confident BOJ Governor Kazuo Ueda would do "what he needs to do" if granted sufficient independence by Japan's government, signalling Washington's desire for further rate hikes by the central bank. [...]