US Treasury Secretary Scott Bessent spoke favorably of Japanese Prime Minister Sanae Takaichi’s expansionary fiscal stance, telling his counterpart Satsuki Katayama that it appears to be contributing to record stock gains in Tokyo.
“Bessent told me that ‘Sanaenomics,’ which carries on the spirit of Abenomics, seems to be working well and sending a very positive signal,” Katayama told reporters on Monday after their first in-person meeting. The talks followed a brief phone call last week, shortly after Katayama’s appointment as Japan’s first female finance minister.