Japan said it had received “full understanding” from US Treasury secretary Scott Bessent on its approach to currency markets after mounting pressure from Donald Trump’s administration over the weak yen and repeated interventions in exchange markets.
Finance minister Satsuki Katayama said she and Bessent had “discussed market developments, including moves in the exchange rate”.
“We agreed that we are co-ordinating extremely well on recent market moves, including exchange rates,” Katayama told a press conference on Tuesday after the 25-minute meeting.
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