US Treasury Secretary Bessent and Japan’s PM Takaichi concur that currency market volatility is unfavorable amid strong economic fundamentals.
US Treasury Secretary Scott Bessent stated that both the US and Japan view forex volatility as undesirable during discussions with Japanese Prime Minister Sanae Takaichi. The remarks came amid broader talks on President Trump’s upcoming trip to Beijing and the strength of the US-Japan relationship.
Bessent emphasized Japan’s strong economic fundamentals, noting they would be reflected in exchange rates. He clarified no specific requests were made regarding Japan’s monetary policy but confirmed close coordination with Japan’s finance ministry. The comments align with ongoing bilateral economic dialogue.
No immediate market reaction was reported following the remarks, which reiterated long-standing policy stances on currency stability.