Bessent says BOJ is 'behind the curve' on inflation, likely to hike rates, in Bloomberg interview

TOKYO (Reuters) -The Bank of Japan will likely be raising interest rates as it is behind the curve in dealing with the risk of inflation, U.S. Treasury Secretary Scott Bessent told Bloomberg Television, in his most explicit comment on Japan's monetary policy. The remarks contrast with those of BOJ Governor Kazuo Ueda, who has repeatedly brushed aside the view the central bank was being too slow in raising rates and could be late in forestalling too-high inflation. Bessent said U.S. Treasury yields are feeling the impact of overseas developments, with the 30-year yield getting dragged up by rising long-term bond yields in Japan and Germany.