Japan's finance minister Katayama said persistent yen weakness remains a concern
and that Japan and the United States will maintain close communication to keep
FX markets orderly. Citing Prime Minister Takaichi's remarks at a recent
US‑Japan summit in New York, Katayama said an undervalued yen is a problem and
that Japanese and US financial authorities will continue close coordination. She
said a Friday phone call with US Treasury Secretary Bessent reaffirmed shared
concern about the yen's low valuation and an agreement to deepen cooperation;
Katayama added she told Bessent Takaichi has said she is not a 'reflationist', a
comment presented as signalling the government is not pursuing unlimited
expansionary policy.
