Key facts
- Japan's Prime Minister Sanae Takaichi stated that boosting economic competitiveness will strengthen market confidence in the yen.
- Takaichi informed US President Donald Trump that the yen's undervaluation is a problem.
- The administration aims to increase Japan's growth potential by enhancing supply capacity through investment.
- US Treasury Secretary Scott Bessent endorsed Japan's economic policy during a meeting with Finance Minister Satsuki Katayama on August 31.
Japanese Prime Minister Sanae Takaichi said on Thursday that the administration's efforts to boost the country's economic competitiveness will help ensure market confidence in the yen. In a recorded interview aired by Nippon Television, Takaichi stated that she informed US President Donald Trump last month that the yen's undervaluation was a problem.