In parliamentary testimony, Prime Minister Takaichi (高市) outlined a policy of working closely with Japanese and US authorities to maintain an orderly foreign exchange market. She maintained the view that yen weakness has both advantages and disadvantages, and emphasized cooperation between the Japanese and US finance authorities.
In parliament, Prime Minister Takaichi (高市) said the government would promote responsible, proactive fiscal policy that balances fiscal sustainability with stable living conditions for the public, while acknowledging that yen weakness has both advantages and disadvantages.
It was explained that the Japanese and US finance authorities would continue to communicate closely on foreign exchange rates, and that the undervaluation of the yen had also been discussed at the Japan-US summit.
The prime minister stated that Japanese and US authorities would work to maintain an orderly foreign exchange market, but refrained from commenting on specific measures or further developments.