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Japan and US agree to strengthen communication on exchange rates amid yen weakness.
Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent agreed to strengthen communication on exchange rates following their meeting in Washington.
Katayama emphasized that Japan is prepared to take decisive action against excessive yen depreciation, noting the currency has weakened to near 160 to the dollar—levels that previously triggered intervention.
Officials cited increased demand for the safe-haven dollar amid Middle East tensions as a contributing factor.
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Japón y Estados Unidos acuerdan fortalecer la comunicación sobre los tipos de cambio en medio de la debilidad del yen.