US and Japan Discuss Yen Weakness Amid Trump Concerns
Japanese Finance Minister Satsuki Katayama met online with US Treasury Secretary Scott Bessent to discuss currency fluctuations.
Katayama said she expects the excessive selling of the yen to ease, citing a possible misunderstanding in the market that may lead to a change in trend.
Bessent had previously urged Tokyo to strengthen the yen, warning that a weak Japanese currency could fuel inflation in Japan and increase yields on US Treasury securities.