ChainCatcher news, according to Jinshi reports, U.S. President Trump stated on Monday local time that he told Japanese leaders that they cannot continue to let their currency depreciate, as this is unfair to the United States. Trump said: "We can't do this because it's not fair to us."When Japan and other places are devaluing their currencies, it is difficult for us to produce tractors here. When asked about Trump's remarks, Japanese Finance Minister Taro Aso stated that Tokyo has not implemented any direct policies aimed at weakening the yen.Taro Aso said at a press conference in Tokyo on Tuesday that Japan has confirmed its basic stance on exchange rate policy with the G7 and the United States, including during a bilateral meeting with U.S. Treasury Secretary Mnuchin.

ChainCatcher News, Japan's newly appointed top foreign exchange official, Jun Mimura, stated that the recent weakness of the yen is more detrimental than beneficial to the Japanese economy.He mentioned that measures such as market intervention could be used to curb speculative behavior that depresses the yen. Jun Mimura indicated that while the recent depreciation of the yen has both advantages and disadvantages, the drawbacks are becoming increasingly apparent. He pointed out that rising energy and food prices are one of the negative impacts of the yen's depreciation on consumers and importers. He also stated that after a comprehensive assessment from multiple angles, they would take action if it is deemed necessary. Jun Mimura also hinted that he might continue his predecessor's strategy, leaving investors to speculate on when Japan will intervene in the market to support the yen.

ChainCatcher news, according to Nikkei, the number of Japanese listed companies holding crypto assets is continuing to rise. As of May 2024, the latest statistics show that 31 companies have entered the crypto asset field, doubling from 16 companies three years ago. Among them, companies primarily engaged in digital services and game development are particularly noteworthy.One of the reasons these companies hold crypto assets is their perceived value as an investment, and secondly, to avoid asset depreciation caused by the yen's devaluation. On the other hand, some companies have adjusted their strategies after purchasing virtual currencies, hoping to create synergies with their business.However, Japanese commercial companies still face two major obstacles in holding virtual currencies. The first is security issues. The virtual currencies processed on the blockchain are difficult to manage, and the other obstacle is accounting and auditing issues.