US warns against excessive yen volatility, calls for BOJ rate hikes

The US has warned against excessive volatility of the Japanese yen and called on the Bank of Japan (BOJ) to raise interest rates. This was reported by Qazaqyia.kz citing Reuters.

The US Treasury statement noted that excessive yen volatility could negatively impact global financial markets. Therefore, the US urges the BOJ to raise rates, which would help stabilize the yen.