Trump Expresses Concern Over Weak Yen in Summit With Japanese PM
Trump raises yen concerns during Japan summit, sparking market reactions and policy discussions.
POLICY WIRE — Tokyo, Japan — U.S. President Donald Trump voiced concerns about the weakening yen during a recent meeting with Japanese Prime Minister Sanae Takaichi, according to Finance Minister Satsuki Katayama. The disclosure, which is unusual for such sensitive discussions, highlights growing anxieties between Tokyo and Washington over currency fluctuations.
Katayama provided an unusually detailed account of the leaders’ exchange at a news conference, revealing that Trump expressed worries about the yen’s decline. She emphasized that this was the first time she had publicly shared such details after consulting with the Prime Minister’s Office. The comments come amid ongoing efforts by both nations to stabilize the yen following joint interventions in July.
Takaichi later confirmed Trump’s remarks, noting that the U.S. side highlighted trade challenges caused by the weak yen. However, she clarified that no formal discussions on monetary or fiscal policy took place. Meanwhile, Japanese officials reiterated their commitment to maintaining stable foreign exchange relations, with Treasury Secretary Scott Bessent set to continue close coordination with Katayama on currency matters.
Reporting by Policy-Wire (PW)
