Japan says Trump voiced concern over weak yen in summit with PM Takaichi
TOKYO: US President Donald Trump raised concern about yen weakness during a summit with Japanese Prime Minister Sanae Takaichi , Japan’s Finance Minister Satsuki Katayama said, offering an unusually detailed account of the leaders’ talks on currencies. “At the recent Japan-US summit meeting, President Trump expressed concern about the yen’s weakness,” Katayama said at a regular news conference,…
Japanese Prime Minister Sanae Takaichi conveyed to US President Donald Trump during a summit that the dollar had been strengthening relative to the yen. Takaichi informed Trump that undervaluing the yen posed issues, according to Japan's Finance Minister Satsuki Katayama. The leaders' dialogue on foreign exchange reaffirmed their joint position established in July, committed to addressing excessive volatility and disorderly movements in the yen.
Katayama disclosed this information for the first time following consultation with the Prime Minister's Office, noting that they had a "timely" conversation about China before Trump's scheduled summit with Chinese President Xi Jinping.
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