Bessent highlighted need for 'sound' monetary policy in Japan talks

TOKYO, Oct 28 (Reuters) - U.S. Treasury Secretary Scott Bessent highlighted the important role of "sound monetary policy formulation" in his meeting with his Japanese counterpart Satsuki Katayama on Monday, the U.S. Treasury Department said in a statement.

"During their discussions, Secretary Bessent highlighted the important role of sound monetary policy formulation and communication in anchoring inflation expectations and preventing excess exchange rate volatility, as conditions are substantially different twelve years after the introduction of Abenomics," according to the statement issued on Tuesday.