Finance Minister Katayama Satsuki (片山さつき) said at a one-on-one meeting with the U.S. Treasury secretary that no discussion of monetary policy, as had been reported, took place, reiterating her view that the specific tools of monetary policy should be left to the Bank of Japan.
Finance Minister Katayama Satsuki (片山さつき), who is visiting the United States, explained at a press conference after a Japan-U.S. finance ministers’ meeting held on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting that there had been no discussion of monetary policy at the one-on-one meeting. The Japan-U.S. meeting took place during the G20 discussions. She also reaffirmed her view that an orderly and stable yen exchange rate is essential to stability in global financial markets.
According to an NHK report, U.S. Treasury Secretary Bessent is said to have held meetings in succession with Bank of Japan Governor Ueda Kazuo (植田和男) and Finance Minister Katayama Satsuki (片山さつき), indicating an intention to urge the Bank of Japan to raise interest rates. The report was based on an interview with U.S. Treasury Undersecretary Brown.