Katayama Confirms FX Coordination With Bessent After Tokyo Meeting on May 12
Updated
Updated · Bloomberg · May 12
Katayama Confirms FX Coordination With Bessent After Tokyo Meeting on May 12
7 articles · Updated · Bloomberg · May 12
Japan Finance Minister Satsuki Katayama said Tuesday her team is working well with US Treasury Secretary Scott Bessent on foreign-exchange policy after they met in Tokyo.
Tokyo offered no detail on Bessent’s remarks, with Katayama telling reporters she would refrain from commenting on what her US counterpart said.
The comments signal continued US-Japan policy contact on currencies, a closely watched area for markets given the yen’s sensitivity to official coordination.
Beyond meetings, what can the US and Japan actually do to stop the yen's dramatic slide?
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