Japan and US Finance Chiefs Agree to Strengthen Cooperation Against Yen Depreciation

Japanese Finance Minister Satsuki Katayama spoke by phone with U.S. Treasury Secretary Scott Bessent on September 25, discussing market developments and the yen's value.

The two officials reaffirmed their agreement that the yen's undervaluation is a problem, signaling their intention to strengthen cooperation between the two countries.

Following the call, the yen saw a brief strengthening to the upper 156 range against the dollar in New York trading on September 25, after being sold at around 158 yen per dollar earlier that day.