The US and Japan finance ministers reaffirmed their G7 commitments on currency policy, stressing exchange rates should remain market-driven, with intervention limited to disorderly markets and operations disclosed monthly.
Japan’s Finance Minister Kato said the joint statement was especially significant in light of the new US tariff order, while noting there were no talks with Treasury Secretary Bessent on specific FX levels.
Kato:
Said he has built up discussions with US Treasury Secretary Bessent on foreign exchange.
Called it significant that Japan and the US have reconfirmed key points on FX policies.
Noted that the decision to release a joint statement on FX followed the US executive order on tariffs for Japan.
Stressed there were no talks with Bessent on desirable FX levels.
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