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US Treasury Chief Plans Japan Visit
(MENAFN) US Treasury Secretary Scott Bessent indicated on Wednesday his plan to travel to Japan in mid-May, ahead of President Donald Trump’s visit to China for a summit with Chinese President Xi Jinping, according to Japanese Finance Minister Satsuki Katayama.
Katayama made these remarks to journalists in Washington, DC following her meeting with Bessent, as reported by a news website.
During their discussions, the two leaders also addressed the ongoing tensions in Iran along with recent trends in foreign exchange markets.
Katayama highlighted Japan’s preparedness to step into currency markets to counter the yen’s depreciation, stating that authorities "will take resolute measures if necessary."
She further noted that both parties committed to maintaining close coordination moving forward.
In September, her predecessor Katsunobu Kato and Bessent emphasized in a joint statement that intervention in currency markets "should be reserved for combatting excess volatility and disorderly movements in exchange rates."
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