Trump and Takaichi Agree: Weak Yen is 'Problematic'

Japan's Prime Minister Sanae Takaichi has acknowledged that the country's weak currency, the yen, is 'problematic'. This comes after a meeting between Takaichi and US President Trump in New York on Tuesday, where Trump expressed concern over the yen's weakness. Finance Minister Satsuki Katayama stated that Takaichi told Trump that an undervalued yen is problematic.

The conversation between Trump and Takaichi highlights growing concerns about the impact of a weak currency on trade and economic stability. Japan's finance minister has reassured markets that they will continue to coordinate with their US counterpart, Scott Bessent, to address the issue.