美日财长会晤在即，日元汇率将成焦点，日本能顶住压力吗？

Group 1 - The core issue discussed between Japan's Finance Minister Kato and US Treasury Secretary Yellen is the yen exchange rate, with Japan resisting any requests to strengthen the yen [1] - Japan's policymakers believe that there is limited room for direct actions such as foreign exchange intervention or immediate interest rate hikes to influence the yen's value [1][2] - The meeting between Kato and Yellen is expected to focus on understanding the US's perspective on exchange rates and how it relates to ongoing trade negotiations [1][2] Group 2 - Market expectations have risen regarding Japan facing pressure to strengthen the yen against the dollar, which has led to the yen reaching a seven-month high [2] - Japan's ability to influence the exchange rate in a mutually beneficial manner is very limited, with the last intervention occurring when the yen was at a nearly thirty-year low [2] - Concerns exist that a stronger yen could negatively impact exporters' profit margins during times of tariff tensions [2][3] Group 3 - Analysts suggest that raising interest rates in response to US demands would undermine the independence of Japan's central bank and damage its credibility [3] - Both countries may seek a middle ground in their language regarding currency movements, agreeing that stable exchange rate fluctuations are desirable [4]