Japan, U.S. Reaffirm Yen's Undervaluation Is Problematic
Tokyo, Sept. 25 (Jiji Press)--Japanese Finance Minister Satsuki Katayama said Friday she and U.S. Treasury Secretary Scott Bessent reaffirmed at their online meeting the same day that "the undervaluation of the yen is problematic." Katayama revealed this in talks with reporters after the virtual meeting. "We exchanged views on financial market developments," she also said. "We also recon...
Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent affirmed on September 25 that the yen's undervaluation poses significant concerns, according to a report by Jiji Press. Katayama shared this information during an online meeting with reporters, adding that they discussed recent financial market developments.
Both nations reaffirmed their commitment to enhancing cooperation, and Katayama confirmed that they would continue to consider further coordinated currency market interventions if necessary.
The yen's weakening against the dollar was a topic of discussion between Japanese Prime Minister Sanae Takaichi and U.S. President Donald Trump during a virtual meeting on Tuesday in New York. Trump expressed his apprehensions regarding the yen's impact on the U.S. dollar, while Takaichi acknowledged that the yen's undervaluation is indeed problematic.
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