US-Japan More Aligned on FX, Katayama Says After Bessent Talks

Following phone talks between Japan's Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent, both nations appear to have reached a stronger alignment on foreign exchange policies. Although the yen initially strengthened briefly, it remains near its lowest point in four decades. This alignment is significant as it underscores a cooperative effort to manage currency values, which can have substantial implications for global trade and economic stability.