Bésente met with Shida and Men to highlight the need for greater macro-policy coordination between America and Japan

ON 2 SEPTEMBER, THE UNITED STATES DEPARTMENT OF THE TREASURY ISSUED A PRESS RELEASE IN WHICH UNITED STATES TREASURY SECRETARY BESENT MET WITH THE GOVERNOR OF THE CENTRAL BANK OF JAPAN, MR. SHIDA AND MALE, DURING THE MEETING OF THE GROUP OF TWENTY (G20) FINANCE MINISTERS AND CENTRAL BANK GOVERNORS HELD ON 30 AUGUST IN ASHVILLE, NORTH CAROLINA, ON LOCAL TIME. BESENTE WELCOMED THE PARTICIPATION OF BOTH MEN AND WOMEN IN THE MEETING AND STRESSED THE IMPORTANCE OF BETTER COORDINATION BETWEEN THE UNITED STATES AND JAPAN ON COMMON MACROECONOMIC POLICY PRIORITIES. BECENT STRESSED THAT SOUND FORMULATION AND COMMUNICATION OF MONETARY POLICY WAS ESSENTIAL TO STABILIZE INFLATION EXPECTATIONS AND AVOID EXCESSIVE EXCHANGE RATE VOLATILITY. MINISTER BERCENT ALSO EXPRESSED STRONG SUPPORT FOR JAPAN ' S DECISIVE MARKET AND MONETARY MEASURES IN RESPONSE TO THE SERIOUS UNDERESTIMATION OF THE YEN, NOTING THAT ITS WEAKNESS HAD EXACERBATED INFLATIONARY PRESSURES IN JAPAN。