Secretary of the Treasury Scott Bessent met with Japan’s Finance Minister Satsuki Katayama in Tokyo on October 27, 2025. The meeting focused on the US-Japan alliance and future opportunities for cooperation between the two countries.
Bessent expressed his confidence in the partnership, stating his commitment to ongoing engagement with Katayama. He welcomed Katayama’s insights into fiscal measures being considered by Japan and said he looked forward to learning more as these policies are finalized to better understand their potential effects.
During their talks, Bessent emphasized the significance of clear monetary policy and communication in stabilizing inflation expectations and limiting exchange rate volatility. He noted that current economic conditions differ significantly from those at the start of Abenomics twelve years ago.
Bessent also praised Katayama’s previous efforts on deregulation while serving in an earlier cabinet role. “The Secretary hailed the Minister’s outstanding work on deregulation in her previous cabinet position and shared his firm belief that she can continue to drive productivity gains in the Japanese economy.”
