Japan’s Katayama says Trump voiced concern over weak yen in summit with Takaichi
Katayama declined to comment on whether global rises in government bond yields were discussed as well
Japanese Finance Minister Satsuki Katayama revealed that US President Donald Trump expressed concerns about the yen's weakness during a summit with Prime Minister Sanae Takaichi. Katayama disclosed this information for the first time after consulting with the Prime Minister's Office. Prime Minister Takaichi had suggested during the meeting that an undervalued yen is problematic from a general principle standpoint.
The leaders' discussion on foreign exchange reaffirmed the shared stance of the US and Japan regarding their coordinated intervention in July, aimed at countering excessive volatility and disorderly moves in the currency.
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