Trump Warns on Yen Weakness, Calls for Strengthening Japanese Currency
US President Donald Trump expressed concern about the yen's weakness during talks with Japanese Prime Minister Sanae Takaichi, according to Finance Minister Satsuki Katayama.
The two leaders met at the UN headquarters in New York on Tuesday. Takaichi reportedly told Trump that an undervalued yen is a problem.
This rare public comment on currency movements comes as the yen remains under pressure against the US dollar after strengthening earlier this month following a Bank of Japan rate check.