Japan-U.S. Collaborate on Currency Strategy

Japan and the United States have reaffirmed their commitment to closely cooperate on currency movements, according to a statement by Japanese Finance Minister Satsuki Katayama. Following a meeting with her U.S. counterpart, Scott Bessent, in Tokyo, Katayama disclosed that market developments, including exchange rates, were key topics of discussion.

The finance ministers emphasized their well-coordinated stance in navigating recent market trends. Katayama expressed that both nations agreed to maintain tight coordination on the evolving landscape of currency markets going forward.

While Katayama provided insights into the discussion, she stayed clear of commenting on the Bank of Japan's stance on monetary policy, highlighting that specific tools are managed by the central bank.

(With inputs from agencies.)