Japan-U.S. Finance Ministers' Meeting Focuses on Exchange Rates, Emphasizing Continued Close Cooperation
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U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama met to discuss exchange rate fluctuations and financial market conditions. Both agreed that excessive volatility in the foreign exchange market is undesirable and pledged continued close cooperation. Discussions covered Middle East tensions, yen depreciation, Japan's currency intervention, and rising Japanese government bond yields, with Bessent highlighting Japan's solid economic fundamentals.