Exclusive-Bessent says BOJ’s Ueda can deliver if Tokyo grants freedom on rates

BOJ Governor Kazuo Ueda's ability to deliver on monetary policy is contingent on the Japanese government granting him flexibility in setting interest rates, according to a recent analysis. The assessment suggests that Ueda's effectiveness is tied to the level of autonomy he has in making rate decisions. The BOJ's policy direction remains closely tied to Tokyo's economic policies.