Japan says Trump voiced concern over weak yen in summit with PM Takaichi
The weak yen is driving up energy import costs that are already high due to the Iran war, fuelling concerns about an inflation overshoot
US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Japan’s Finance Minister Satsuki Katayama said on Friday, offering an unusually detailed account of the leaders’ talks on currencies.
“At the recent Japan-US summit meeting, President Trump expressed concern about the yen’s weakness,” Katayama said at a regular news conference, adding that she was disclosing the exchange for the first time after consulting with the Prime Minister’s Office.
Katayama’s frank account of leaders’ talks, which governments typically keep confidential, points to shared concern in Tokyo and Washington over the yen’s continued slide despite their joint intervention in July.
