{
    "success": true,
    "data": {
        "id": 1734451,
        "msgid": "japanese-and-us-finance-ministers-agree-to-coordinate-on-stabilising-yen-value-1778586784",
        "date": "2026-05-12 17:47:49",
        "title": "Japanese and US Finance Ministers Agree to Coordinate on Stabilising Yen Value",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Japan's Finance Minister Satsuki Katayama and her US counterpart Scott Bessent have agreed to enhance coordination on currency market movements following Tokyo's intervention to curb the yen's depreciation against the dollar, amid Middle East tensions boosting the US dollar as a safe-haven asset. The ministers also discussed strengthening critical mineral supply chains in response to China's export restrictions, which Katayama described as 'bad and unfair' to Japan, and addressed AI security threats, urging Western coordination to prevent misuse by non-allies. This agreement underscores efforts to mitigate global financial volatility and geopolitical risks ahead of key international summits.",
        "content": "<p>Tokyo - Japan\u2019s Finance Minister Satsuki Katayama stated that Japan\nand the United States have agreed to strengthen coordination regarding\ncurrency market movements following Tokyo\u2019s intervention to stem the\nyen\u2019s weakening against the US dollar.<\/p>\n<p>\u201cWe are coordinating well on the latest currency movements amid the\nMiddle East conflict,\u201d Katayama told reporters after meeting US Finance\nMinister Scott Bessent in Tokyo on Tuesday.<\/p>\n<p>Bessent also posted on platform X that communication and coordination\nbetween the two countries in addressing excessive volatility in the\ncurrency markets remain intensive and strong.<\/p>\n<p>The US Finance Minister is in Tokyo ahead of a two-day meeting\nbetween US President Donald Trump and Chinese President Xi Jinping in\nBeijing starting Thursday.<\/p>\n<p>Instability in the Middle East has driven the strengthening of the US\ndollar as a safe-haven asset, prompting Japanese authorities to\nintervene on 30 April to prevent the yen from weakening beyond 160 per\ndollar, government sources said.<\/p>\n<p>Katayama stated that Japan and the US agreed to coordinate based on\nthe joint statement from September, which affirms that market\ninterventions will only be conducted to address volatility and\ndisorderly weakening or strengthening of currencies.<\/p>\n<p>In addition to currency issues, Katayama said she and Bessent\ndiscussed strengthening the supply chain for critical minerals ahead of\nthe G7 finance ministers\u2019 meeting in Paris next week.<\/p>\n<p>Regarding China\u2019s restrictions on critical mineral exports, Katayama\ndescribed Beijing\u2019s actions towards Japan as \u201cbad and unfair,\u201d adding\nthat the US will continue to convey objections to China.<\/p>\n<p>Relations between Japan and China have deteriorated following\ndiplomatic tensions over Taiwan, while Beijing has tightened export\nrestrictions on dual-use goods that can be used for both civilian and\nmilitary purposes, including potentially rare earth metals.<\/p>\n<p>Katayama also discussed with Bessent the threats posed by advanced\nartificial intelligence technology, including Anthropic\u2019s Claude Mythos\nmodel, which is said to be capable of identifying vulnerabilities in\ntechnology infrastructure and financial systems.<\/p>\n<p>\u201cChina could pursue the development of such models within six months\nto a year. Western countries need to coordinate so that this technology\nis not weaponised by non-allied parties,\u201d Katayama said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/japanese-and-us-finance-ministers-agree-to-coordinate-on-stabilising-yen-value-1778586784",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}