Japan's Prime Minister links yen stability to competitiveness drive

Prime Minister Sanae Takaichi told Nippon Television that Japan's economic policy aims to raise the nation's competitiveness, which she believes will bolster confidence in the yen without manipulating exchange rates. She highlighted plans for bold investment in crisis-management capabilities and growth-oriented industries to expand the economy's supply side. Takaichi said she raised the issue of the yen's undervaluation with President Donald Trump during their recent meeting.

US Treasury Secretary Scott Bessent expressed support for the approach, and Finance Minister Satsuki Katayama's bilateral discussion with him on August 31 yielded no new demands. The administration maintains its dual focus on a strong economy and sustainable fiscal policy.