Japanese Finance Minister Satsuki Katayama stated that U.S. President Donald Trump expressed concerns about the depreciation of the Japanese Yen during his meeting with Japanese Prime Minister Sanae Takaichi this week; Takaichi responded that the undervalued Yen is an issue. Katayama said that Japan will continue to maintain close communication with U.S. Treasury Secretary Scott Bessent on a range of issues, including foreign exchange. Following the news, the Yen strengthened in the short term, with USD/JPY falling 0.3% to 158.35.