daily financial statements "to respond appropriately to excessive yen depreciation"

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.