16:21 JST, May 13, 2026

Uncertainty about the outlook for the global economy continues to grow due to the turmoil of the situation in Iran. There are also growing concerns over China, which shows no sign of ceasing its economic coercion.

It can be said that the importance of Japan and the United States taking concerted action to deal with economic challenges has increased even further.

U.S. Treasury Secretary Scott Bessent visited Japan ahead of a U.S.-China summit and held talks with Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama and other officials.

Bessent and Katayama confirmed close cooperation on issues such as foreign exchange market trends and the strengthening of the supply chains for rare earths. They also shared the perception that China’s export restrictions are “unfair” in an effort to keep China in check. Bessent coordinated policy toward China with........

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