The yen strengthened briefly after Japan's Finance Minister stated that Trump is concerned about the yen's weakness and that Japan will coordinate closely with the US.

Japanese Finance Minister Satsuki Katayama stated that President Trump and the U.S. have recently expressed concern about the weakening yen, and Japan will continue to maintain close coordination with the U.S. on exchange rate issues. Following this news, the yen strengthened rapidly in the short term.

On September 25, it was reported that Satsuki Katayama stated that the specific monetary policy tools are determined by the Bank of Japan. The Bank of Japan's recent interest rate hikes are aimed at achieving its inflation target. She expressed her hope that the Bank of Japan would implement appropriate monetary policy while maintaining communication and coordination with the government, and stated that she would not comment on specific exchange rate levels or exchange rate checks.

She also stated that Trump and the US side expressed concern about the weakening yen during the summit, and that Japan will maintain close coordination with the US on foreign exchange issues. Prime Minister Sanae Takaichi generally expressed concern about the weakening yen.

As of press time, the yen strengthened, with the dollar falling 0.29% against the yen to 158.37.

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