BOJ Chief Skips Jackson Hole Amid U.S. Rate-Hike Pressure

"U.S. Treasury Secretary Bessent Keeps Pressing Bank of Japan"

International|
|
By Cho Yang-junmryesandno@sedaily.com
||
[CAPTIONS]
Bank of Japan Governor Kazuo Ueda speaks at a press conference at the central bank's headquarters in Tokyo on Oct. 31. AFP-Yonhap - Seoul Economic Daily International News from South Korea
[CAPTIONS] Bank of Japan Governor Kazuo Ueda speaks at a press conference at the central bank's headquarters in Tokyo on Oct. 31. AFP-Yonhap

Bank of Japan Governor Kazuo Ueda has decided not to attend the U.S. Federal Reserve's Jackson Hole policy symposium, Kyodo News and the Nikkei reported on the 26th.

The BOJ said Ueda will not attend the event, to be held in the western U.S. state of Wyoming from the 27th to the 29th, and that policy board member Naoki Tamura will go in his place.

The central bank did not give a clear reason for the absence. It said only that health was not a factor and that the decision reflected an overall consideration of his schedule.

Ueda plans to attend the Group of 20 finance ministers and central bank governors meeting in Asheville, North Carolina, from the 31st through the 1st of next month.

The Jackson Hole symposium is an annual economic policy conference hosted by the Federal Reserve Bank of Kansas City, one of the 12 regional Federal Reserve banks, where central bankers from major economies gather to discuss the state of the global economy. This year's gathering is drawing particular attention because Fed Chair Kevin Warsh is scheduled to deliver the keynote address, his first at the symposium since taking office.

Ueda's decision to skip the event comes as Washington presses Tokyo to raise interest rates, drawing scrutiny over his reasons. He attended the symposium in 2023 and 2025.

U.S. Treasury Secretary Scott Bessent has pushed Ueda to raise rates, saying additional monetary policy steps are needed following the joint U.S.-Japan intervention in currency markets.

Original reporting by Cho Yang-jun for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →
3:02

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Company Atlas

Preview
Market Ontology · The Feedback LoopKFTC 2025 · 92 groups · 121,954 articles

An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.

SIGNAL

Now live
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

SIGNAL English Edition is live — Korea's deal desk reporting in English. M&A, IPOs, private equity and fund flows, covered daily for global institutional investors. Browse free; subscriber-only scoops at the 50% intro rate.