Trump voiced concern about yen weakness in talks with PM Takaichi: Japan

US President Donald Trump expressed concern about the weakness of the yen during recent talks with Japanese Prime Minister Sanae Takaichi. According to Japan's Finance Minister Satsuki Katayama, Takaichi responded by stating that an undervalued yen is problematic as a general principle.

The discussion took place during a meeting on the sidelines of the UN General Assembly in New York on September 22. Katayama's comments were unusually detailed, suggesting a shared concern in Tokyo and Washington over the yen's continued slide.

The yen's weakness was a topic of discussion despite a coordinated intervention in July to counter excessive volatility and disorderly moves. According to Katayama, the leaders' conversation reaffirmed the US-Japan stance behind that intervention.

Brief written by urgent.news from The Mainichi, The Business Times - Companies & Markets — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.