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BackU.S. Treasury Secretary Bensent and Finance Minister Satsuki Katayama meet online to reaffirm the issue of yen undervaluation
U.S. Treasury Secretary Bensent and Finance Minister Satsuki Katayama meet online to reaffirm the issue of yen undervaluation
Developing
時事通信17 hours agoBusiness1 min readJapanView original

U.S. Treasury Secretary Bensent and Finance Minister Satsuki Katayama meet online to reaffirm the issue of yen undervaluation

BecentSatsuki KatayamaUS Secretary of the Treasury

Quick Look

  • Treasury Secretary Bessent held an online meeting with Finance Minister Satsuki Katayama on the 25th, and revealed that they discussed the desirability of a strong yen that reflects Japan's strong fundamentals.
  • The two discussed the foreign exchange market and reaffirmed that the undervaluation of the yen is a problem.

AI-generated summary

Why It Matters

Following the meeting between President Trump and Prime Minister Sanae Takaichi on the 22nd, U.S. Treasury Secretary Bensent and Finance Minister Satsuki Katayama met online to discuss the foreign exchange market.

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[Washington Current Affairs] U.S. Treasury Secretary Bessent announced on the 25th that he had discussed with Finance Minister Satsuki Katayama that ``a strong yen that reflects Japan's strong economic fundamentals is desirable.'' Posted on X (old Twitter).

Japanese and US Finance Ministers “The issue of yen undervaluation” Online meeting, discussion on foreign exchange, etc.

The two met online on the 25th and discussed matters such as the foreign exchange market. Looking back, Mr. Bessent said, ``We had a fruitful meeting.''

The talks build on the meeting between President Trump and Prime Minister Sanae Takaichi on the 22nd and say it "reflects the strong Japan-U.S. relationship." Mr. Katayama had previously revealed that Mr. Trump had expressed concern about the depreciation of the yen at the Japan-U.S. summit meeting.

"We discussed the importance of maintaining close communication regarding the foreign exchange market," Bessent noted. After the meeting, Katayama told reporters, ``I reaffirmed that undervaluation of the yen is a problem.''

What to Watch

AI outlook — possibilities, not facts

  • Japanese and U.S. Treasury authorities continue close communication in foreign exchange markets

    Likely · Within weeks

  • Discussions to correct the undervaluation of the yen will continue

    Possible · Within months

Open Questions

  • Have the specific timing and scale of foreign exchange intervention been indicated?
  • Is there a difference in their understanding of the appropriate level of the yen?
  • What will be the frequency and form of Japan-U.S. financial cooperation in the future?

Related Topics

Becent
PeopleSatsuki Katayamaplaying cardsSanae Takaichi
OrganizationsUS Treasury DepartmentJapanese Ministry of Financeus governmentJapanese government
PlaceswashingtonJapanunited states
TopicsSatsuki KatayamaUS Secretary of the TreasuryJapanese Finance MinisterUndervaluation of the yenexchange marketJapan-U.S. Finance Ministers Meeting
This article was originally published by 時事通信.

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