Japan finance minister Kato says negative impacts of excessive FX volatility ...Middle East

Planning to attend spring meetings of IMF, World Bank in WashingtonForex rates should be determined by marketsExcessive volatility would negatively affect economic and financial stabilityHave agreed with Bessent to closely communicate on forexClosely monitoring financial markets as they have been unstable recently

Kato gets a bit of extra bang for buck from his comments if he manages to conjure up some sort of cooperation with Bessent.

This article was written by Eamonn Sheridan at www.forexlive.com.

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