Extra on Japan's prime foreign money official denying Bessent helps a stronger yen

Japan’s prime foreign money official denied a media report claiming U.S. Treasury Secretary Scott Bessent supported a robust yen:

• Mr Yen says Fully unfaithful about media report that Bessent stated stronger yen preferable

Extra, briefly:

• Atsushi Mimura stated, “the U.S. aspect didn’t contact upon exchange-rate targets within the finance minister talks.”

• Finance Minister Katsunobu Kato and Bessent held their first face-to-face assembly in Washington final Thursday.

• The Yomiuri newspaper reported Bessent’s alleged feedback with out citing sources; Kato additionally denied the report on X, stressing no dialogue of exchange-rate targets.

• Kato declined to reveal whether or not the U.S. made any particular currency-related requests throughout the 50-minute assembly.

• Market expectations stay that Tokyo might face U.S. stress to strengthen the yen, given President Trump’s give attention to the commerce deficit.

• Bessent described the talks as “very constructive,” noting they mentioned “issues pertaining to trade charges.”

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Additionally of curiosity:

• Financial institution of Japan to “hit pause” on fee hikes at this week’s assembly – Trump tariffs cited

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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