Sanae Takaichi acknowledged US trade problems due to weak yen
Quick Look
Japanese Prime Minister Sanae Takaichi agreed in a meeting with US President Donald Trump that US trade is suffering due to the weakness of the yen.
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Why It Matters
The Trump administration has previously expressed dissatisfaction with the weakening of the yen.
In a meeting with US President Donald Trump, Japanese Prime Minister Sanae Takaichi acknowledged that US trade was suffering due to the weakness of the yen. The head of government was quoted by Bloomberg.
According to her, during a conversation with the head of the White House, they discussed the difficulties faced by American trade due to the weak exchange rate of the Japanese currency. And according to Takaichi, she agreed that this was a problem.
At the same time, she clarified that in a conversation with Japanese Finance Minister Satsuki Katayama, US Treasury Secretary Scott Bessent made it clear that he understood the economic policy of the Japanese government and did not make any requests regarding its direction.
In this regard, the agency recalled that the Trump administration has repeatedly expressed dissatisfaction with the weakening of the yen. In particular, Bessent proposed that the Bank of Japan raise interest rates to help the yen reach an acceptable level.
Earlier, Russian President Vladimir Putin said that Moscow was concerned about plans for the militarization of Japan, but Moscow was committed to cooperation with Tokyo.
Open Questions
- Will the Bank of Japan take steps to raise interest rates?
