Japan eyes relations with US even as more central banks voice solidarity

20260115N Ueda Powell

BOJ Gov. Kazuo Ueda did not sign a joint letter of support for Jerome Powell that included the central bank heads of South Korea and Australia. (Source photos by Nikkei and Reuters)

YUTA SAITO and TAKERO MINAMI

January 16, 2026 06:56 JST

TOKYO/BASEL, Switzerland — The Bank of Japan’s decision not to join a growing chorus of support for embattled U.S. Federal Reserve Chair Jerome Powell shows the thin line it is trying to toe to balance independence with politics.