Japan’s Katayama said she spoke with Bessent about currencies

April 15, 2026
-FXnews

Japanese Finance
Minister Satsuki Katayama has repeatedly warned of “bold actions” and
“firm” responses to “excessive” yen volatility as it approaches the 160
per dollar mark. Now she reveals she has spoken with Bessent about currencies and the two agreed to remain in close contact.

She also said that she will take strong actions on FX if necessary.

There is an alignment of interests here between the US and Japan. The Trump administration wants a weaker dollar for export competitiveness while Japan wants a stronger yen

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