READOUT: Secretary of the Treasury Scott Bessent's Meeting with Bank of Japan Governor Kazuo Ueda

What this means

Secretary Scott Bessent met Bank of Japan Governor Kazuo Ueda in Asheville, North Carolina, on August 30, 2026, alongside the G20 finance meetings, according to Treasury. Bessent called for coordinated U.S.-Japan work on economic priorities and careful monetary-policy communication to steady inflation expectations and limit excessive currency swings. Treasury said he backed Japan’s market and monetary measures and described the yen as substantially undervalued, linking its weakness to Japanese inflation. That exchange-rate assessment is attributed to Bessent, not an independent valuation.

Official release

Source material from U.S. Secretary of the Treasury · Readouts. The wording below is the issuer’s statement.

ASHEVILLE, NORTH CAROLINA - On Sunday, August 30, Secretary of the Treasury Scott Bessent met with Bank of Japan Governor Kazuo Ueda on the margins of the G20 Finance Ministers and Central Bank Governors Meeting in Asheville, North Carolina.

Secretary Bessent welcomed Governor Ueda’s participation in the meetings and underscored the importance of close U.S.-Japan coordination on shared macroeconomic priorities.

The Secretary emphasized the importance of sound formulation and communication of monetary policy to anchor inflation expectations and avoid excess exchange rate volatility.

Secretary Bessent also expressed strong support for Japan’s decisive market and monetary steps to address the substantial undervaluation of the yen and noted the role of yen weakness in contributing to domestic inflationary pressures in Japan.

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Release text attributed to U.S. Secretary of the Treasury · Readouts. Consult the official publication for any subsequent corrections or updates.