National

Japan, US affirm close cooperation on currency moves

By Makiko Yamazaki Reuters
FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks during a press briefing in the James S. Brady Press Briefing Room at the White House in Washington, D.C., U.S., April 15, 2026. REUTERS/Evan Vucci/File Photo
FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks during a press briefing in the James S. Brady Press Briefing Room at the White House in Washington, D.C., U.S., April 15, 2026. REUTERS/Evan Vucci/File Photo Evan Vucci Reuters

TOKYO - Japan and the U.S. reaffirmed their close cooperation on currency moves, Japanese Finance Minister Satsuki Katayama told reporters after a meeting with her U.S. counterpart, Scott Bessent, on Tuesday.

"We discussed market developments, including exchange-rate moves," Katayama said about her meeting with Bessent, held at the finance ministry in Tokyo.

"We agreed that we are coordinating extremely well on recent market moves, including exchange rates," Katayama said, adding that the two agreed to continue coordinating closely on market developments.

Katayama declined to comment on the Bank of Japan's monetary policy, saying specific tools fell under the jurisdiction of the central bank.

(Reporting by Makiko Yamazaki; Writing by Leika Kihara; Editing by Tom Hogue)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published May 11, 2026 at 6:19 PM.

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