Finance Minister Katayama announced that Tokyo will coordinate its foreign exchange efforts closely with the US government. The move follows a diplomatic summit where US President Donald Trump told Japanese officials that the weakness of the yen was a point of concern for Washington.

Prime Minister Takaichi also shared worries about the general weakness of the currency, as reported by Katayama. The cooperation between Japan and the US centers on managing foreign exchange markets to address the current state of the yen.