Japan says Trump voiced concern over weak yen in summit with PM Takaichi

US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Japan’s Finance Minister Satsuki Katayama said on Friday, offering an unusually detailed account of the leaders’ talks on currencies.“At the recent Japan-US summit meeting, President Trump expressed concern about the yen’s weakness,” Katayama said at a regular news conference, adding that she was disclosing the exchange for the first time after consulting with the ‌Prime Minister’s Office.Katayama’s frank account of leaders’ talks, which governments typically keep confidential, points to shared concern in Tokyo and Washington over the yen’s continued slide despite their joint intervention in July.Takaichi, speaking to reporters later on Friday, confirmed Trump’s comments at their meeting, which took place in New York on Tuesday on the sidelines of the UN General Assembly.“The US side said that the weak yen was creating difficulties for their trade, and I responded that, as a general principle, an undervalued yen is problematic,” she said.But she stressed that there was no discussion of monetary or fiscal policy at the summit, adding that the Takaichi administration’s economic policy stance remains unchanged.