US and Japan Vow Close Coordination on Currency Moves
U.S. and Japanese officials reaffirmed robust coordination to address volatile currency moves. The meeting suggests support for Japan's efforts to prop up the yen.
Xurve View
Insights:
Xurve View
United States Treasury Secretary Scott Bessent and Japan Finance Minister Satsuki Katayama reaffirmed coordination on currency volatility. The meeting signals Washington's consent for Tokyo's recent yen-buying interventions to support the currency amid import cost pressures. Bessent described the coordination as constant and robust.
