Japan, U.S. agree "orderly" yen rates crucial for financial stability

ASHEVILLE, North Carolina - Japanese Finance Minister Satsuki Katayama said Monday she agreed with U.S. Treasury Secretary Scott Bessent that "orderly" yen movements are essential to the stability of global financial markets.

After a meeting with Bessent in Asheville, North Carolina, amid the yen's stubborn weakness, Katayama told reporters they confirmed that "Japan-U.S. continued, coordinated efforts will contribute to this shared objective."