๐ค BoJ Governor meets US Treasury Secretary at G20
BoJ Governor Ueda is reportedly meeting US Treasury Secretary Bessent on the sidelines of the G20 Finance Leaders' Meeting this Sunday. Bessent stated that the Strait of Hormuz will be bypassed within the next two years due to oil shifting to land pipelines. She also mentioned that 85%-90% of Iran's factories have the capability to rebuild after disruptions. Furthermore, the US plans to announce bank sanctions on Iran sometime this week or next week. This discussion took place amid broader G20 financial coordination talks.