EconomyWho’s in control of Japanese monetary policy: Tokyo or Washington?

Before the US Treasury unexpectedly intervened in Japan’s foreign-exchange market on July 31, markets put the odds of a Bank of Japan rate increase at its September 17-18 meeting below 30 percent. Those expectations have since surged to nearly 100 percent, accompanied by a dramatic shift in bond markets.

Japanese monetary policyBank of JapanyenUS Treasury

SSouth China Morning Post★★★☆☆2026-09-17 08:30Original