US Edition
Markets Mixed as Bitcoin Hits New High
The yen rose 0.4% against the US dollar after US Treasury Secretary Scott Bessent urged the Bank of Japan to tighten monetary policy to address inflation, causing declines in Japanese stocks.
- On August 14, 2025, US Treasury Secretary Scott Bessent urged the Bank of Japan to raise interest rates amid Japan's inflation concerns.
- Bessent's call followed the Bank of Japan's monetary tightening beginning in 2024 while it had kept rates unchanged at the end of July.
- The yen surged against the dollar, triggering significant market reactions including declines in Japanese equities and investor fund reallocations.
- Bessent told Bloomberg TV that the central bank plans to raise interest rates in an effort to address their inflation challenges.
- Meanwhile, Bitcoin hit a new peak briefly exceeding $124,500, boosted by favorable US regulatory changes and strong fundamentals in the crypto market.
32 Articles
32 Articles
Channel News Asia
Markets mixed as bitcoin hits new high
TOKYO: Markets were mixed Thursday (Aug 14), with Japan's Nikkei down as bitcoin hit a new high and investors braced for talks between the US and Russian presidents in Alaska. Bitcoin hit a new peak during early Asian trading, with the cryptocurrency briefly exceeding US$124,500 before retreating, driven b
Asian stock market indices were mixed today. The cryptocurrency bitcoin hit a new record high in Asian trading today, while the Japanese yen strengthened after US Treasury Secretary Scott Bessent expressed expectations that Japan would raise interest rates, reports the French news agency AFP.
Asian stocks fell as Japanese shares fell on the strength of the yen, dragging the regional equity index down after three days of gains. The MSCI Asia Pacific Index fell 0.2%, with Japanese stocks falling 1.4%. The yen rose 0.5% against the dollar after US Treasury Secretary Scott Morrison said the Bank of Japan was lagging behind in tackling inflation, predicting it would raise interest rates. Markets
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