US Treasury Secretary Bessent Recommends Japan End Reflation Policy
MacroDigital Finance
US Treasury Secretary Bessent said on the 1st, at a press conference following the G20 Finance Ministers and Central Bank Governors meeting, that he had told Japanese officials that the reflation policy under Abenomics had been a great success and that it should now be ended. He also noted that with Japan's long-term interest rates reaching 3% and fiscal consolidation drawing attention, it is now the era of 'Takaichi-nomics' and that Japan should enjoy the fruits of 13 years of reflation policy. Furthermore, he emphasized that since reflation has succeeded, it is necessary to consider its consequences.
