Trump Concerned over Weak Yen: Japan's Katayama
Tokyo, Sept. 25 (Jiji Press)--Japanese Finance Minister Satsuki Katayama said Friday that U.S. President Donald Trump expressed concern over the yen's weakening during his meeting with Prime Minister Sanae Takaichi in New York on Tuesday. During the bilateral summit at the U.N. headquarters, Takaichi told Trump that the undervaluation of the yen is a problem in general terms, Katayama said ...
Tokyo, September 25 (Jiji Press) -- Japanese Finance Minister Satsuki Katayama revealed on Friday that U.S. President Donald Trump had expressed concern over the yen's weakening during a meeting with Prime Minister Sanae Takaichi in New York on Tuesday. At a summit held at the United Nations headquarters, Takaichi informed Trump that the undervaluation of the yen is a general issue, according to Katayama at a press conference.
In late July, Japanese and U.S. authorities carried out a coordinated intervention aimed at purchasing yen for the first time in roughly 28 years, in an attempt to rectify the currency's weakness. Katayama, along with U.S. Treasury Secretary Scott Bessent, have not dismissed the prospect of undertaking additional coordinated interventions. The decision to pursue such a policy was confirmed at the summit, as per Katayama.
Since the end of last week, the yen has experienced a swift depreciation, briefly surpassing 159 yen against the dollar during the early hours of Friday.
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