US President Trump raises concerns over a weak Yen with Japan PM Takaichi; Takaichi also called it undervalued; Japan Finance Minister Katayama expects excessive Yen selling to be corrected

Japan Finance Minister Katayama told reporters following an online meeting with US Treasury Secretary Bessent that "we reaffirmed the point that the undervaluation of the yen is a problem." Finance Minister Katayama commented on the yen's depreciation trend in the foreign exchange market, saying, "Looking at the market, I thought there might have been some misunderstanding. I think the trend will return to normal." She indicated that she expects the excessive selling of the yen to be corrected.