Katayama and Bessent Agree on Need for Coordinated Action in Foreign Exchange
Japan's Finance Minister Satsuki Katayama confirmed that he and US Treasury Secretary Scott Bessent agree on the need for continued, coordinated action on foreign exchange (FX).
Katayama said in a statement that there is a shared understanding with Bessent on the significance of joint FX intervention.
When asked if current Yen rates are in order, Katayama declined to comment.