Katayama confirms Bessent on same page on currency policy

Japan's finance minister and her visited American counterpart have confirmed their intention to maintain close coordination on foreign exchange policy. Katayama Satsuki met US Treasury Secretary Scott Bessent on Tuesday in Tokyo.

The meeting comes after Japanese authorities intervened in the currency market in late April to halt the yen's slide against the dollar amid the Iran conflict. Katayama said, "They confirmed that Japan and the United States are in sync on currency trends, and they will keep working closely in line with the Japan-US Finance Ministers' Joint Statement issued in September last year."