NewsMV
US Treasury Secretary Scott Bessent drew warnings from bankers after suggesting he holds insider knowledge about Bank of Japan policy thinking.
The concern, as bankers frame it, is that the intervention could erode market perceptions of the BoJ's independence from external pressure.
The warning turns on a basic premise: central bank credibility depends on markets believing the institution acts on its own terms.
Bessent's claim to insider knowledge implies an informational channel between the US Treasury and the BoJ that operates outside the central bank's formal communications. Bankers are flagging the perception risk.
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