Trump: Japan can no longer let the yen depreciate, it's not fair to the United States

On March 4, US President Donald Trump said on Monday local time that he told Japanese leaders that they could not continue to devalue their currency because it would be unfair to the United States. "It cannot be done because it would be unfair to us," Trump said. "It is very difficult for us to produce tractors here when Japan and other places are depressing their currencies." Asked about Trump's remarks, Japanese Finance Minister Katsunobu Kato said Tokyo had not adopted policies directly aimed at weakening the yen. Speaking at a press conference in Tokyo on Tuesday, Katsunobu Kato said Japan had confirmed its "basic stance on exchange rate policy" with the G7 and the US, including in a bilateral meeting with US Treasury Secretary Vincent Bescent.