Bessent is in North Carolina for the G20 finance leaders' gathering but he has met BOJ governor Ueda and Japan finance minister Suzuki on the sidelines already. And it seems like he has made it clear to them, that Japan has to do its part to take more action after the US agreed to help intervene in the market at the end of July and early August.As mentioned at the time, "there seems to be a suggestion that US-Japan joint intervention had involved some silent agreement for the BOJ to play their part too".And now Bessent is not shying away from trying to drop hints about that. He said that he hopes Ueda and the BOJ would "do the right thing" on monetary policy. And on fiscal policy, he is also taking a poke at the Japanese administration in saying that they should just "sit back and enjoy the success of Abenomics and let that run" now that deflation is no longer an issue.That's surely a swipe at Takaichi's expansionary fiscal setting and you can be sure that Bessent will have made that even clearer to Suzuki.On the BOJ, this isn't the first time that the US Treasury has tried to push the Japanese central bank into taking action. Just before helping with intervention, the semi-annual currency report already underscored the need for that here.But with the intervention now, it perhaps gives Bessent some chips to play in pressuring Japan to take the kind of action that he wants. And he is also trying to get traders and investors to react accordingly already:"I have information that the market doesn't have. It's my belief that the Japanese government and that the BOJ will do the things that will lead to a stronger yen."Well, it's no secret that the BOJ looks poised to raise interest rates in September next. The market pricing for that shows ~74% odds of a rate hike, though traders are pushing for quite an aggressive tone with ~80 bps of rate hikes priced by June next year.For a central bank that has been rather timid over the years, will the BOJ suddenly change up its pace amid coercion from the US? And for Takaichi, is she willing to abandon her fiscal high ground and pledge reforms?The former seems more likely but it will be tough for Ueda & co. to suddenly abandon their curated and careful policy approach all of a sudden. So, it will be interesting to see how things keep up after September.As for Takaichi, the chances of her yielding under the pressure are slim. And that's already rather evident after Japan's ministries and agencies made the largest initial budget request on record - totalling roughly ¥143 trillion. This article was written by Justin Low at investinglive.com.