Asia

Japan and United States Signal Firm Response to Yen Volatility

Japanese Finance Minister Satsuki Katayama said Tokyo and Washington remained firmly committed to acting against financial volatility after talks with US Treasury Secretary Scott Bessent focused on the yen, global markets and geopolitical risks.

Japan and the United States reaffirmed their readiness to take firm measures in response to financial volatility as the yen remained under sustained downward pressure.

Japanese Finance Minister Satsuki Katayama discussed the situation with US Treasury Secretary Scott Bessent during a virtual meeting that lasted just under an hour.

The two officials exchanged views on global financial markets and the geopolitical situation in the Middle East. Their conversation also reinforced direct economic coordination between Tokyo and Washington during a difficult period for the Japanese currency.

Katayama said both governments had consistently agreed to act firmly whenever circumstances required it. Her remarks were intended to underline that neither side was hesitant about responding to disorderly market movements.

The meeting also covered advanced artificial intelligence. Katayama referred to Claude Mythos, a platform developed by the US company Anthropic, and expressed confidence in the direction of potential integration into Japan's productive economy.

She did not provide details on the timing or location of any implementation. The immediate focus remained the yen and the capacity of Japan and the United States to coordinate their response to financial and geopolitical uncertainty.