Japan's Finance Minister Katayama Satsuki said at a post-cabinet meeting briefing in Tokyo on Friday: “During recent summit talks between Japan and the US, Trump expressed concern about the weakening of the yen.” Katayama Satsuki told reporters that Takaichi Sanae responded that there was indeed a problem with the yen being undervalued. She added that coordination with US Treasury Secretary Scott Bessent will continue. Katayama Satsuki said, “US Treasury Secretary Bezent and I will continue to maintain close communication on various topics such as foreign exchange.” After Japan ushered in a five-day long holiday, the yen once again fell back to near the 1 US dollar to 160 yen mark, which the market is paying close attention to. Katayama Satsuki delivered the above speech. The Federal Reserve and the Bank of Japan both raised interest rates last week, and the yen has continued to weaken since then. Furthermore, Katayama Satsuki also said that the yield is affected by various factors and that every effort is being made to deal with the increase in yield.

Japan's Finance Minister Katayama Satsuki said at a post-cabinet meeting briefing in Tokyo on Friday: “During recent summit talks between Japan and the US, Trump expressed concern about the weakening of the yen.” Katayama Satsuki told reporters that Takaichi Sanae responded that there was indeed a problem with the yen being undervalued. She added that coordination with US Treasury Secretary Scott Bessent will continue. Katayama Satsuki said, “US Treasury Secretary Bezent and I will continue to maintain close communication on various topics such as foreign exchange.” After Japan ushered in a five-day long holiday, the yen once again fell back to near the 1 US dollar to 160 yen mark, which the market is paying close attention to. Katayama Satsuki delivered the above speech. The Federal Reserve and the Bank of Japan both raised interest rates last week, and the yen has continued to weaken since then. Furthermore, Katayama Satsuki also said that the yield is affected by various factors and that every effort is being made to deal with the increase in yield.