Japanese Prime Minister Shigeru Ishiba confirmed that Japan and the United States have agreed to leave foreign exchange-rate issues to their respective finance ministers. In a news conference following his meeting with U.S. President Donald Trump on Friday, Ishiba echoed the sentiment that currency matters would remain in the hands of financial experts.
“As was the case during the first Trump administration, we decided to continue close discussions between the Japanese and U.S. finance leaders,” Ishiba said, underscoring the importance of dialogue between the nations’ financial authorities.
The decision follows a video conference in January between Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent, where the two officials agreed to collaborate on a range of issues, including foreign exchange policies.
Ahead of the summit, some analysts speculated that Trump might voice concerns over the weak yen, which could bolster the dollar and disadvantage U.S. exports. Japanese officials, however, have expressed caution about the possibility of Trump making public remarks on the yen, fearing potential market instability that could disrupt Japan’s fragile economic recovery.
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