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 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…

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…