Treasury Chief Reaffirms U.S.-Japan Alliance and Critical Minerals Sovereignty

Secretary of the Treasury Scott Bessent met with Japan's Finance Minister Satsuki Katayama on January 12 to thank Japan for attending the critical minerals summit, reaffirm the importance of critical minerals sovereignty among democracies, express strong confidence in the US-Japan alliance, and acknowledge Japan's constructive engagement on OECD global minimum tax issues, while noting the need for sound formulation and communication of monetary policy and avoiding exchange-rate volatility.