US Treasury's Bessent urges Japan government to allow BOJ 'policy space'

TOKYO, Oct 29 (Reuters) - The Japanese government's willingness to allow the central bank policy space will be key to anchoring inflation expectations and avoiding excess exchange rate volatility, U.S. Treasury Secretary Scott Bessent said in an X post on Wednesday.

"I am encouraged by her deep understanding of how Abenomics has moved from a purely reflationary policy to a program that must balance growth and inflationary concerns for the citizens of Japan," Bessent wrote on his meeting with Japanese Finance Minister Satsuki Katayama on Monday.