Japanese Finance Minister Satsuki Katayama held an online meeting with US Treasury Secretary Scott Bessent late Monday to address the yen's sharp decline, according to a report by local broadcaster TBS.
The discussions come as market participants question the efficacy of recent Japanese foreign-exchange interventions, which have yet to stabilize the currency against the dollar.
7 trillion yen ($72.8 billion) in an attempt to support the yen, but selling pressure persists.
The bilateral talks signal a coordinated effort to manage cross-border currency volatility.
Despite Tokyo deploying its intervention apparatus, the market has not responded favorably to the defense measures.
Finance Minister Katayama's ministry has spent over 11.7 trillion yen ($72.8 billion) in an attempt to support the yen, but selling pressure persists.
This development follows a period of extended rallies for the yen against the dollar, which saw the currency climb higher after Tokyo explicitly signaled its readiness to act.