Japanese Finance Minister Satsuki Katayama highlighted concerns over the persistently undervalued Japanese Yen during a phone conversation with US Treasury Secretary Scott Bessent on September 25. Both officials agreed on the need to enhance bilateral cooperation to address the currency issue, according to FX Street.
The discussion underscores Tokyo’s ongoing efforts to stabilize the Yen amid market pressures that have seen the currency weaken against major counterparts. Strengthened collaboration with the US Treasury signals a coordinated approach to managing currency imbalances.
With the Japanese Yen playing a critical role in global FX markets, any coordinated intervention or policy dialogue between Japan and the US is closely watched by traders and investors focusing on Asian equities and currency movements.