Japanese media says the BoJ could face pressure to hike rates from the US.
The Nikkei article is gated, but in brief (bolding in mine)
-
As President Donald Trump’s administration debates the details of
planned reciprocal tariffs, Washington has signaled that it could
treat currency manipulation as a nontariff barrier that could trigger
a counter levy from the U.S.
- If Japan becomes the
target of U.S. probes for possible reciprocal tariffs and the White
House concludes the yen’s weakness is linked to the Bank of Japan’s
monetary policy, the central bank could face pressure from Washington
to move faster as it weighs additional interest rate hikes.
This article was written by Eamonn Sheridan at www.forexlive.com.
