Nikko Securities: Beisen's remarks are unlikely to affect the position of the Bank of Japan According to a report by Golden Finance, economist Yoshimasa Maruyama from Nikko Securities stated that US Treasury Secretary Besson's remarks about the Bank of Japan's slow action on inflation are unlikely to affect the bank's stance. Maruyama Yoshimasa said, "This is different from the call for interest rate hikes earlier this spring, which was driven by exchange rate factors. The key focus at that time was still when the Bank of Japan would approve further interest rate hikes after assessing the impact of tariffs." Bank of Japan Governor Kazuo Ueda has stated that he believes the risk of Japan's slow response to inflation is small, and he also insists on seeking further interest rate hikes.