Trump raises currency concerns with Japan's new PM in bilateral talks

Japan confirmed that currency stability featured prominently in discussions between US President Donald Trump and Prime Minister Shigeru Takaichi, with Trump expressing concern about the weakness of the yen relative to the dollar.

The bilateral meeting underscored both nations' resolve to address disruptive currency movements through joint intervention mechanisms. Officials from both sides emphasized their commitment to monitoring foreign exchange markets and taking concerted steps when necessary to prevent excessive volatility that could harm economic growth.

The yen's fluctuations have remained a point of focus for Japanese policymakers, particularly given the currency's impact on export competitiveness and import costs. Tokyo has previously intervened in foreign exchange markets to stabilize the yen, and has consistently sought coordination with international partners on currency matters.

The reaffirmation of coordinated intervention signals alignment between Washington and Tokyo on currency policy at a time of broader economic uncertainty across the Asia-Pacific region. The two allies maintain regular dialogue on macroeconomic issues affecting their bilateral trade relationship and regional stability.