WASHINGTON \u2013 U.S. Treasury Secretary Scott Bessent said on X Sunday that he will meet with Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama on Tuesday during a trip to East Asia.<\/p>\n
Bessent is set to leave for Japan on Monday.<\/p>\n
The U.S. and Japanese officials are expected to discuss currency market developments after Japanese authorities recently intervened in the market, using dollars to buy yen.<\/p>\n
Bessent will travel to Japan and South Korea before heading to Beijing to join\u00a0U.S. President Donald Trump’s summit with Chinese leader Xi Jinping, which begins on Thursday.<\/p>\n
In the social media post, Bessent said that during his visit to Tokyo he will also meet with “other (Japanese) government and private-sector representatives for discussions on the U.S.-Japan economic relationship.”<\/p>\n
Regarding the foreign exchange market, the U.S. and Japanese sides are expected to reconfirm a joint statement issued last September by Bessent and then-Finance Minister Katsunobu Kato. The document said that currency market interventions “should be reserved for combating excess volatility and disorderly movements.”<\/p>\n
The U.S. Treasury chief and his Japanese counterpart are also likely to exchange views on economic security and the situation in the Middle East in the wake of China’s tightened export controls on rare earths and the de facto blockade of the Strait of Hormuz, a key oil transport waterway.<\/p>\n
Bessent, who took office in January last year, visited Japan in July and October. During the October visit, he joined a Takaichi-Trump summit and met with Katayama.<\/p>\n
In Seoul, Bessent is slated to meet with Chinese Vice Premier He Lifeng, according to his X post.<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON \u2013 U.S. Treasury Secretary Scott Bessent said on X Sunday that he will meet with Prime Minister…\n","protected":false},"author":2,"featured_media":20167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3074,8,33,358,426,2640,405],"class_list":{"0":"post-20166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-japan","8":"tag-forex","9":"tag-japan","10":"tag-nihon","11":"tag-sanae-takaichi","12":"tag-satsuki-katayama","13":"tag-scott-bessent","14":"tag-u-s-japan-relations"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/20166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=20166"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/20166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/20167"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=20166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=20166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=20166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}