[Bessent: Expected Bank of Japan to 'Do the Right Thing' in Monetary Policy] Odaily Planet Daily News – U.S. Treasury Secretary Bessent stated that he expects Bank of Japan Governor Kazuo Ueda to 'do the right thing' in terms of monetary policy. When asked whether the Bank of Japan should consider consecutive interest rate hikes to address the weakening yen, Bessent said: 'I won’t tell them what to do. What I would say is that I do think we may have reached the end of Abenomics. Abenomics is a policy aimed at driving reflation.' Bessent is expected to meet with Kazuo Ueda during the two-day G20 Finance Ministers and Central Bank Governors meeting in Asheville, North Carolina, starting Monday. Bessent made these remarks as the yen fell below 160 against the dollar, marking the first time since Japan intervened in the foreign exchange market a month ago to support the yen. The U.S. also participated in this intervention, representing the first coordinated action by Japan and the U.S. to support the yen since 1998. (Jin10)