Forex
Trump Expressed Concern Over Japan's Weak Yen in Recent Summit with PM Takaichi
US President Donald Trump expressed concern about Japan's weak yen during his recent summit meeting with Prime Minister Sanae Takaichi, according to Finance Minister Satsuki Katayama.
The unusual disclosure of this exchange comes after the leaders' talks on currencies, typically kept confidential. Katayama revealed that Trump raised concerns about the yen's weakness at their meeting, which occurred recently.
Katayama consulted with the Prime Minister's Office before sharing the details of the conversation for the first time. The frank account points to shared concern in Tokyo and Washington over the yen's continued slide despite joint intervention in July.