US warns against excessive yen volatility, calls for BOJ rate hikes
The US said there was “substantial yen undervaluation”
Source: The Business Times Singapore · July 23, 2026 at 11:07 PM · AI-assisted report
SINGAPORE, 24 JULY 2026 —
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[TOKYO] The US Treasury Department said yen weakness has persisted despite the narrowing of US-Japan interest rate differentials, warning excess volatility in the currency was undesirable.
Reporting by The Business Times Singapore forms the basis of this account, which remains open as the story develops.
Ministry of Finance and Singapore sits at the centre of the story, and the newsroom is tracking developments there.
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Global development — watch for knock-on effects on oil prices, the ringgit, and KLCI risk sentiment.