Trump Expresses Concern Over Yen Depreciation, Japan's Finance Minister Says Will Coordinate Closely with the US

BlockBeats news, September 25 — Japanese Finance Minister Katayama Satsuki said today that U.S. President Trump expressed concern about the yen's depreciation when he met with Japanese Prime Minister Takaichi Sanae this week, and Takaichi Sanae responded that the yen's undervaluation is a problem. Katayama Satsuki said Japan will continue to maintain close communication with U.S. Treasury Secretary Bessent on a range of issues including foreign exchange. After the related remarks were published, the yen rose as much as 1.1%, and the dollar fell to around 156.98 against the yen at one point.

Katayama Satsuki also said that specific monetary policy tools are decided by the Bank of Japan, and stressed that the Bank of Japan should implement appropriate monetary policy while maintaining communication with the government. She also said the Japanese government will not hesitate to take bold action. Market participants believe that the current related remarks are still mainly verbal policy signals, and the Japan-U.S. interest rate differential and the Federal Reserve's rate path remain important factors affecting the yen's movement.