Japan and the U.S. to Delegate Currency Matters to Finance Ministers

February 8, 2025 - 11:16

Japanese Prime Minister Shigeru Ishiba announced that he and U.S. President Donald Trump have reached an agreement to delegate foreign exchange-rate matters to their respective finance ministers. This decision reflects a continuation of the cooperative approach established during the first Trump administration, emphasizing the importance of expert dialogue on currency issues.

During a news conference following his meeting with Trump, Ishiba stated, "We decided to continue close discussions between the Japanese and U.S. finance leaders, who are the experts." This collaboration aims to foster stability and mutual understanding in currency management, ensuring that both nations can navigate the complexities of foreign exchange markets effectively.

The dialogue between the two nations' finance ministers is set to focus on various economic matters, with particular attention to currency rates. In a recent video conference, Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent expressed their commitment to working together on these critical issues, reinforcing the strong economic ties between Japan and the United States.