Analysts see Bessent’s remarks as an attempt to push the BOJ toward clearer policy guidance. Mari Iwashita, Executive Rates Strategist at Nomura Securities, noted that “without his pressure, the BOJ could keep delaying rate hikes.” However, she cautioned that “just raising rates once more won’t move the yen much,” adding that Bessent’s real demand may be for clearer communication on how far the BOJ intends to eventually raise borrowing costs.