Bessent Meets with Katayama to Discuss Strong Yen

Treasury Secretary Scott Bessent met with his Japanese counterpart, Finance Minister Satsuki Katayama, to discuss the yen's value. In a recent post on X, Bessent stated that they discussed the 'desirability' of a strong yen reflecting Japan's economic fundamentals.

The two officials reaffirmed their concern over the yen's undervaluation and expressed intention to strengthen cooperation further. This move comes as Japan seeks to bolster its economy.