Back to today’s briefing

Story perspectives

U.S. Urges Japan to Consider Rate Hike Amid Inflation

10/29/2025

33 8

Summary

Story summary

U.S. Treasury Secretary Scott Bessent urged Japan to let the Bank of Japan raise rates.
He spoke with Japanese Finance Minister Satsuki Katayama ahead of a Bank of Japan policy meeting.
The policy meeting is expected to keep rates unchanged.
Analysts say Washington pressure could lead to a rate hike in December or January.
Japan's core inflation has stayed above 2% for more than three years.

1 of 1

Story summary

U.S. Treasury Secretary Scott Bessent urged Japan to let the Bank of Japan raise rates.
He spoke with Japanese Finance Minister Satsuki Katayama ahead of a Bank of Japan policy meeting.
The policy meeting is expected to keep rates unchanged.
Analysts say Washington pressure could lead to a rate hike in December or January.
Japan's core inflation has stayed above 2% for more than three years.