The American finance minister called the Japanese yen "a serious underestimation."

On 31 July, in an interview with United States Treasury Secretary Scott Becent on Thursday, he stated that the yen “ seemed to have been severely underestimated” and considered “excessive fluctuations” unhealthy. “It seems to me that the yen is seriously underestimated. Yen is very cheap. Japan ' s economic performance is good. The Prime Minister was well received and was implementing a very strong policy.” Becent also stated that he was not worried about the Japanese yen being stronger against the United States dollar. Kim Xian