🇯🇵 Nikko Securities says US Treasury Secretary Bessent’s criticism of the BoJ’s “slow action” on inflation is unlikely to sway the central bank’s stance.

Economist Yoshimasa Maruyama notes the focus remains on when the BoJ will approve another rate hike after assessing tariff impacts — not on external pressure.

BoJ Governor Ueda still sees little risk of being “too slow” and remains committed to further hikes.

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