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Trump's Yen Comments to Takaichi Spark Policy Speculation
Former U.S. President Donald Trump's remarks about the weak Japanese yen to Sanae Takaichi, a potential future Prime Minister, have prompted market speculation. Investors are now assessing the potential for U.S. pressure on Japan regarding its…
Former U.S. President Donald Trump raised concerns over the Japanese yen's weakness during a meeting with Sanae Takaichi, a prominent figure in Japan's ruling Liberal Democratic Party. Takaichi, currently serving as economic security minister and a contender for future prime minister, confirmed Trump's direct comments on the yen's exchange rate. This interaction has prompted market participants to reassess the potential for U.S. currency policy intervention.
Trump's remarks come as the yen has depreciated significantly, trading near ¥157.54 per USD as of late September 2026. This level places the currency at multi-decade lows against the dollar, driven largely by divergent monetary policies between the Bank of Japan and the U.S. Federal Reserve. The former president's stated view on the yen indicates a potential shift toward greater U.S. emphasis on currency levels as a trade issue, rather than solely a monetary one.
Should Trump secure the U.S. presidency again, markets anticipate increased scrutiny on Japan's monetary easing policies and their impact on the yen. Such a stance could lead to renewed pressure from Washington on Tokyo to address the currency's depreciation, potentially impacting the Bank of Japan's future policy decisions and the broader forex market dynamics. The exchange with Takaichi signals that currency strength could become a more central point of bilateral discussions.
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