Japan, U.S. Finance Chiefs Meet on Sidelines of G20 Meeting
Asheville, North Carolina, Aug. 31 (Jiji Press)--Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent met on the sidelines of a meeting of the Group of 20 finance ministers and central bank chiefs in Asheville, North Carolina, informed sources said Monday. It was their first meeting since Japanese and U.S. authorities carried out a coordinated currency market...
Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent crossed paths off the official agenda during a Group of 20 finance ministers and central bank chiefs summit in Asheville, North Carolina, according to sources on Monday. This was their inaugural encounter since joint currency market efforts took place in July.
Bessent also engaged in discussions with Bank of Japan Governor Kazuo Ueda. The two nations had executed a yen-purchasing operation in late July to curb the rapid devaluation of the Japanese currency. Even though the yen experienced a brief upward surge against the dollar, it has since depreciated to approximately 160 per dollar.
The U.S. government has persistently urged the Bank of Japan to promptly hike interest rates, citing worries that the weakened yen and falling bond prices could prompt a sell-off of U.S. Treasuries. Following the unified market maneuver, Bessent expressed his readiness to meet with Ueda during the two-day G20 gathering, which commenced on Monday.
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