Japan finance minister Kato:
Will hold bilateral meetings with counterparts at G7 finance leaders’ meeting later this weekExpect to discuss various topics, including FX, if I were to meet Bessent on sidelines of G7 gatheringWill scrutinise impact of U.S. fiscal, monetary policy on Japan’s economy, when asked about Moody’s downgrade of US debt ratingIn previous bilateral meeting with Bessent, two sides confirmed FX rates should be set by markets and that excess volatility in FX market has adverse impact on economyExpect any talks with Bessent this week to be based on this understanding on FXAfter its sharp rally USD/JPY just as quickly down again:
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