Trump Expresses Concern Over Weak Yen to Japanese Officials
Japanese Finance Minister Katayama Satsuki revealed that US President Donald Trump expressed concern over the yen's depreciation against the dollar during a meeting with Prime Minister Takaichi Sanae in New York. The meeting took place on Tuesday, and Trump's concerns were reportedly shared by the Japanese government.
Katayama stated that Prime Minister Takaichi responded to Trump's concerns by saying that 'generally speaking, the yen's undervaluation is problematic.' This suggests that Japan acknowledges the potential issues with the yen's current value against the dollar.
The yen has been experiencing a weak trend, trading at around 158-yen level against the greenback on Friday. Katayama indicated that she will maintain close contact with US Treasury Secretary Scott Bessent to address concerns related to the yen-dollar rate.