On January 12, Secretary of the Treasury Scott Bessent met with Japan's Finance Minister Satsuki Katayama in Washington. During their meeting, Secretary Bessent expressed gratitude to Minister Katayama for participating in the United States’ summit on critical minerals. He highlighted the significance of maintaining sovereignty over critical minerals among democratic countries.
Secretary Bessent also reaffirmed his strong confidence in the alliance between the United States and Japan. He thanked Japan for its constructive involvement in discussions regarding the OECD global minimum tax. Addressing economic matters, Secretary Bessent pointed out concerns about excessive exchange rate volatility and stressed the importance of well-formulated and clearly communicated monetary policy.
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