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Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Janet Yellen held a bilateral meeting to discuss recent exchange-rate movements, emphasizing the importance of close communication between the two countries. The concern over a weak yen affecting households and retailers due to increased import costs was highlighted during the meeting. Japanese officials expressed vigilance towards currency moves driven by speculation, advocating for exchange rates that align with economic fundamentals. The dollar’s rise above 153 yen, attributed to reduced expectations of significant interest rate cuts by the Federal Reserve, underscored the divergence in Interest rates between the U.S. and Japan. As of Thursday, the dollar stood at 151.83 yen.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
