U.S. Treasury Secretary Meets Japanese Officials in Tokyo on Currency Issues

m. local time. The discussions are expected to focus on currency market developments after Japanese authorities recently intervened in the market, using dollars to buy yen. Bessent said on X on Sunday that he will meet with officials during a trip to East Asia.

He was set to leave for Japan on Monday. The meeting comes amid efforts to address volatility in currency markets between the two countries.

Japanese officials plan to review recent actions taken by Japanese authorities in foreign exchange markets. Japanese authorities stepped in to support the yen by selling dollars. This intervention occurred in the days leading up to the high-level talks.

Bessent's visit is part of a broader trip through East Asia. The schedule includes separate meetings with different Japanese officials on Tuesday. Discussions are likely to cover broader economic cooperation between the United States and Japan.

Japanese authorities have intervened in currency markets multiple times in recent years to counter excessive yen weakening. The latest action involved using dollars to purchase yen. Such moves aim to stabilize the exchange rate and protect the Japanese economy from rapid currency shifts.

The upcoming meeting provides an opportunity for both sides to share perspectives on these developments. Currency policy remains a sensitive topic in bilateral economic relations. Officials from both countries have previously coordinated on similar issues.

" — Japan Times, May 11, 2026 The talks occur against a backdrop of global economic uncertainty. Both nations monitor exchange rates closely for their impact on trade and investment flows. No specific outcomes from the meeting have been announced in advance.

Japan has faced pressure on its currency as the yen fluctuated against the dollar in recent months. Authorities acted to prevent disorderly movements in the forex market. The intervention marked the first such action of the year according to some reports.

U.S. officials have consistently stated that they support a strong dollar policy while favoring market-determined exchange rates. Results from the discussions are expected to be shared with reporters afterward.