Trump Warns Weak Yen Is Hurting U.S. Trade: Takaichi
Japanese Prime Minister Sanae Takaichi recently met with former US President Donald Trump in New York, where she discussed the impact of a weak yen on U.S. trade.
Takaichi revealed that Trump expressed concerns about the yen's weakness during their meeting, stating that it was hurting U.S. trade.
In response, Takaichi noted that an undervalued yen is generally considered a problem, and she reaffirmed her government's commitment to maintaining a robust economy and sound public finances.
The Japanese government has been under pressure from the US Treasury Secretary Scott Bessent to raise interest rates at the Bank of Japan (BOJ) to strengthen the yen. However, Takaichi stated that Bessent had not made any specific requests for policy changes during their discussions.