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Trump Raises Yen Concerns with Japan PM

Wall Street Journal Markets •
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President Trump expressed concerns about the yen’s weakness during a recent meeting with Japanese Prime Minister Sanae Takaichi, according to Japan’s finance minister. The comments were made in a private discussion where Trump highlighted the impact of a weak yen on trade and economic competitiveness. Japan’s finance minister confirmed the remarks, noting that currency stability remains a key topic in bilateral talks.

The discussion comes amid ongoing pressure on the yen, which has weakened significantly against the dollar in recent months due to divergent monetary policies between the U.S. Federal Reserve and the Bank of Japan. Japanese officials have been monitoring exchange rates closely, wary of excessive volatility that could harm export-driven industries. While no formal intervention was announced, the exchange underscores growing attention to currency dynamics in U.S.-Japan economic relations.

The yen’s depreciation has boosted Japanese exports but raised concerns about imported inflation and global imbalances. Both sides reaffirmed their commitment to market-determined exchange rates while acknowledging the need for close communication. The meeting reflects broader G7 concerns about currency misalignments and their impact on global trade.