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Bank of Japan squeezed by Takaichi, Trump and Iran war inflation

US cajoling BOJ to raise rates, but few events are more disruptive to global markets than sudden yen moves – in either direction

by William Pesek May 29, 2026June 2, 2026

Bank of Japan is between a rock and hard place on interest rates. Image: YouTube Screengrab

Speaking on Wednesday (May 27), Bank of Japan Governor Kazuo Ueda cautioned that central banks must prevent this year’s oil‑driven inflation surge from hardening into a lasting global problem. “If inflation expectations are already high and wages are accelerating, the risk of second‑round effects is large,” he said, adding that the line between temporary and […]