Japan's Finance Minister Katsunobu Kato said he would respond appropriately to concerns over the yen's weakening due to former U.S. President Donald Trump's return to power.
Finance Minister Kato said at a press conference after the cabinet meeting that the foreign exchange market is moving unilaterally and sharply recently.
Regarding Trump, he stressed that the U.S. is a major trading partner and needs to watch the impact on the Japanese economy through various channels.
The yen-dollar exchange rate was once below 140 yen per dollar on September 16, but reached 154 yen on the 6th when the news of President Trump's election was reported.
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