Finance Minister Katayama disclosed at a press conference that President Trump had expressed concern about yen depreciation at the Japan-US summit. He indicated an intention to work closely with Treasury Secretary Bessent going forward, while dollar-yen touched the ¥159 range in foreign-exchange trading in the early hours of the 25th.
Finance Minister Katayama disclosed at a press conference after the Cabinet meeting on the 25th that President Trump had expressed concern about yen depreciation at the Japan-US summit. It was reported that he had mentioned this for the first time after consulting with the Prime Minister's Office, and he also explained the policy approach going forward.
Minister Katayama indicated that he would work closely with Treasury Secretary Bessent going forward and said that he intended to continue sharing information on currency issues. The remarks concerning yen depreciation were described as being made in general terms.
In the foreign-exchange market, dollar-yen briefly reached the ¥159 range in the early hours of the 25th, marking further yen depreciation.