US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that Japan's next step should be to raise interest rates, NHK reports, citing an interview with a US official. The recommendation comes amid ongoing discussions about global monetary policy shifts and inflationary pressures. Bessent emphasized the importance of proactive measures to maintain economic stability and currency strength.

The conversation highlighted differing approaches between US and Japanese fiscal strategies as both nations navigate post-pandemic economic challenges. No immediate policy changes were confirmed following the meeting, but sources indicate continued dialogue between the countries' economic leaders. The report underscores growing international pressure on central banks to adjust monetary policies in response to evolving economic conditions.