President Donald Trump is set to meet Japanese Prime Minister Sanae Takaichi on the sidelines of the UN General Assembly in New York next week, according to both outlets. It will be their first face-to-face meeting since the United States took part in efforts to support Japan’s yen.
The meeting follows steps taken in late July by the US and Japan to bolster the Japanese currency after it fell to a near four-decade low of about 164 yen per US dollar. NDTV reports this includes a coordinated yen-buying operation by the two countries, described as the first of its kind since 1998. Bloomberg frames the upcoming meeting as part of the follow-up to the earlier US-led support efforts, without adding further operational details about the market measures.
Together, the reports link the planned UN sidelines meeting to recent currency stabilization actions by the US and Japan.
