U.S. Treasury Secretary Scott Bessent disclosed that he had met in person with Bank of Japan Governor Kazuo Ueda (植田和男). He reportedly conveyed strong support for Japan taking decisive market and monetary policy measures to address the yen's significant undervaluation. The meeting was held in Asheville ahead of the opening of the G20 Finance Ministers and Central Bank Governors Meeting.
U.S. Treasury Secretary Scott Bessent disclosed on social media on the 1st that he had met in person with Bank of Japan Governor Kazuo Ueda (植田和男). The meeting was held in Asheville, North Carolina, in the southern United States, ahead of the opening of the G20 Finance Ministers and Central Bank Governors Meeting held on 30 August.
Mr. Bessent reportedly told Governor Ueda (植田和男), "I strongly support Japan taking decisive market and monetary policy measures to address the significant undervaluation of the yen." Finance Minister Satsuki Katayama (片山さつき) also attended on behalf of Japan, along with Governor Ueda (植田和男).
The meeting was held as a prelude to the G20-related discussions and appears to have served as an opportunity to convey the United States' position on Japan's policy response.
Asahi Shimbun reported this information based on an official social media post by Secretary Bessent.