Rixin Securities: Bessen's remarks are unlikely to affect the position of the Bank of Japan.

[Nomura Securities: Bessent's remarks are unlikely to affect the Bank of Japan's stance] Nomura Securities economist Yoshimasa Maruyama stated that U.S. Treasury Secretary Bessent's comments regarding the Bank of Japan's slow actions on inflation are unlikely to influence the Bank of Japan's position. Maruyama said, "This is different from the calls for interest rate hikes that emerged earlier this spring, which were driven by exchange rate factors. The key focus remains on when the Bank of Japan will approve further interest rate hikes after assessing the impact of tariffs." Bank of Japan Governor Kazuo Ueda has stated that he believes the risk of Japan acting slowly in response to inflation is low, while he also insists on seeking further interest rate hikes.