Japan bets on Washington and BOJ for extra punch in yen battle 73.8%
The Japan Times - By Leika Kihara, Makiko Yamazaki - 5/9/2026, 1:55 AM
Framing Effect 54% - Biased Writer Voice 45.2% - Hindsight Bias 31.5%
Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency's slide. It is a strategy reliant on a small cast of heavyweights — the BOJ, the Japanese finance ministry and Washington — and aimed... more