Japan and the U. S. Agree: The Yen's Drop is a Problem

Japan's finance chief, Satsuki Katayama, recently met with U. S. Treasury Secretary Scott Bessent. They talked about the yen's recent drop in value. The yen hit a one-year low. Both leaders shared worries about this sudden fall. This meeting happened in Washington. It was during a bigger meeting about important minerals. These minerals are needed for many things. Like phones, computers, and even cars.The yen's drop might be because of news from Japan. The country's prime minister, Sanae Takaichi, might call an early election. She has high approval ratings. This could mean more government spending. That might make the yen weaker. Katayama also talked about China's rules. China has banned some exports to Japan. These exports can be used for both military and civilian purposes. Katayama said this is a big problem. It affects many countries, not just Japan. The yen's drop is a big deal. It affects trade and the economy. Both Japan and the U. S. are keeping an eye on it. They want to make sure things stay stable.