Reported 2 days ago
According to former top currency diplomat Masatsugu Asakawa, Japan is unlikely to face direct pressure from the U.S. to strengthen the yen, despite President Trump's criticisms regarding Japan's trade surplus. Asakawa highlighted that currency discussions between U.S. Treasury Secretary Bessent and Japanese Finance Minister Kato have not included specific currency targets. He emphasized that the notion of allowing finance leaders to manage currency matters is now embedded in U.S. policy, making a coordinated depreciation of the dollar unlikely.
Source: YAHOO