Japan Finance Minister Katayama Satsuki said on Sept. 25 that U.S. President Donald Trump raised concerns about the yen’s depreciation during a meeting this week with Japanese Prime Minister Sanae Takaichi. Takaichi responded that an undervalued yen is a problem. Katayama said Japan will continue close communication with U.S. Treasury Secretary Bessent on a range of issues, including foreign exchange. After the remarks, the yen briefly rose 1.1%, while the dollar fell to around 156.98 yen. Katayama also said specific monetary policy tools are decided by the Bank of Japan, adding that the central bank should implement appropriate policy while staying in communication with the government. She said the Japanese government would not hesitate to take bold action. Market participants said the latest comments still amount mainly to verbal policy signaling, while the Japan-U.S. rate gap and the Federal Reserve’s rate path remain key drivers for the yen.
Japan Finance Minister Katayama Satsuki said on Sept. 25 that U.S. President Donald Trump voiced concern over the yen’s depreciation during a meeting this week with Japanese Prime Minister Sanae Takaichi. Takaichi replied that an undervalued yen is a problem.
Katayama said Japan will continue close communication with U.S. Treasury Secretary Bessent on a range of issues, including foreign exchange. Following the remarks, the yen briefly gained 1.1%, and the dollar fell to around 156.98 yen.
She also said specific monetary policy tools are decided by the Bank of Japan, and said the central bank should carry out appropriate monetary policy while remaining in communication with the government. Katayama added that the Japanese government would not hesitate to take bold action.
Market participants said the latest remarks are still mainly verbal policy signals, while the Japan-U.S. interest rate gap and the Federal Reserve’s rate path remain important factors for the yen.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
