Kameda Seisaku, former chief economist at the Bank of Japan and current executive economist at the Loss Insurance Research Institute Plus, said: US Treasury Secretary Bezent has pushed market expectations too far. Some investors have even priced interest rate hikes of 50 basis points or the possibility of successive rate hikes. These expectations seem too high and may need to be lowered. Overly high expectations present risks, and if the Bank of Japan fails to deliver, it may trigger the yen to weaken again.

Kameda Seisaku, former chief economist at the Bank of Japan and current executive economist at the Loss Insurance Research Institute Plus, said: US Treasury Secretary Bezent has pushed market expectations too far. Some investors have even priced interest rate hikes of 50 basis points or the possibility of successive rate hikes. These expectations seem too high and may need to be lowered. Overly high expectations present risks, and if the Bank of Japan fails to deliver, it may trigger the yen to weaken again.