Japan's prime minister says her policies will boost confidence in the yen after U.S. intervention falls short

Japan's Prime Minister said on Thursday that her government's policies will lift market confidence in the yen, after previous efforts to boost the currency, including U.S. intervention, underwhelmed. Sanae Takaichi told Nippon Television, in comments translated by Reuters, that she told U.S. President Donald Trump that the currency's undervaluation was a problem when the pair spoke last month. "Our economic policy is not aimed at manipulating exchange rates," Takaichi said. "My administration aims to boost Japan's growth potential by increasing the economy's supply capacity through bold investment in crisis management and growth areas." "Such efforts would strengthen Japan's global competitiveness, thereby helping ensure market confidence in the yen.