The finance ministers of Japan and the United States held a telephone call and confirmed that they would strengthen cooperation on exchange-rate trends. As moves to curb yen depreciation were reported, the yen temporarily strengthened to the ¥156-per-dollar range.
Japan's and the United States' finance ministers held a telephone call on the evening of the 25th and exchanged views on trends in financial markets, including foreign exchange rates.
The two countries once again confirmed their intention to further strengthen cooperation, viewing the yen's undervaluation as a concern.
In the foreign exchange market, yen-buying and dollar-selling spread, and the yen temporarily strengthened to the ¥156-per-dollar range.