Japan says Trump raised concerns about yen weakness at summit
Japanese Finance Minister Satsuki Katayama said US President Donald Trump expressed concern about the yen’s weakness during a summit with Prime Minister Sanae Takaichi. Katayama described the disclosure as the first detailed public account of the leaders’ currency discussion after consulting with the prime minister.
US President Donald Trump expressed concern about the weakness of the Japanese yen during a summit with Japanese Prime Minister Sanae Takaichi, Japan’s Finance Minister Satsuki Katayama said on Friday. Katayama gave the account at a regular news conference, according to the South China Morning Post. She said she was disclosing the exchange for the first time after consulting with the prime minister.
The finance minister described Trump’s comment as part of the leaders’ discussion about currencies. The supplied material does not give details of the rest of the summit conversation or indicate what response Takaichi made to the concern. It also does not state whether the discussion resulted in any policy decision, agreement or change in Japan’s currency position.
The report characterises Katayama’s account as unusually detailed, but provides no further explanation of the significance of the disclosure.
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