Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Scott Bessent shared concerns over what she called the yen’s recent “one-sided depreciation,” as Tokyo stepped up threats of intervention to stem the currency’s fall.
Katayama’s comments reflect 91AV原创 rising unease over a slide in the yen, which crossed the key ?158-to-the-dollar mark for ?the first time in about a year following reports that Prime Minister Sanae Takaichi ?may call a February snap election.
The reports pushed down the yen as they stoked speculation that an election win would help Takaichi secure a mandate for her expansionary fiscal policy. But the weak yen has been a headache for policymakers as it inflates import costs, weighs on households and possibly affects Takaichi’s popularity ratings.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.