Japan to Maintain Close Communication with US on Currency Markets

Japanese Finance Minister Satsuki Katayama has reaffirmed the country's commitment to close communication with the US on currency markets.

Katayama made the statement at a regular press conference, citing Japan and the US' coordinated intervention and joint statement as evidence that their policy stance remains unchanged.

The minister emphasized the importance of maintaining close ties with the U.S. Treasury to ensure orderly foreign exchange markets, following a recent warning from U.S. Treasury Secretary Scott Bessent about betting against the yen.