The US Treasury Department has urged the Bank of Japan to continue raising interest rates. This action aims to control inflation expectations and reduce excessive yen currency volatility. The yen has weakened significantly, reaching a 40-year low against the US dollar recently. Higher prices are impacting Japanese households' purchasing power despite wage gains. Further policy normalization by the Bank of Japan is seen as beneficial.

TOKYO, July 23 : The Bank of Japan will raise its interest rate again by end-December and possibly as soon as October, according to a majority of economists in a Reuters poll,…

TOKYO, July 24 : The U.S. Treasury Department said yen weakness has persisted despite the narrowing of U.S.-Japan interest rate differentials, warning excess volatility in the…