Japanese and U.S. leaders held talks and agreed to strengthen cooperation, including on economic security. The two countries also held in-depth discussions on international financial conditions and developments in the yen-dollar exchange rate, and confirmed that they would strengthen their alliance.
At the leaders' meeting, Japan and the U.S. reportedly agreed to strengthen cooperation centered on economic security. The two countries shared a common understanding of international financial conditions and continued discussions, including on their policy response during periods of yen depreciation and appreciation.
Before the leaders' meeting, Foreign Minister Motegi Toshimitsu (茂木 敏充) met with U.S. Secretary Rubio and reportedly exchanged views on regional affairs in the Indo-Pacific and on strengthening coordination within the alliance. They confirmed a policy of closer coordination going forward, including on challenges involving China.
Japan and the U.S. reportedly conducted coordinated yen-buying intervention at the end of July. Amid a reluctance on the Japanese side to comment on its market intervention, reports indicate that the U.S. side has stepped up its policy communications. They also reportedly discussed the situation in Iran and the ICC.