Japan fin min Kato:
- Important for currencies to move in stable manner reflecting fundamentals
- Will thoroughly monitor for excessive fluctuations and disorderly movements in forex market
- Generally speaking, political stability is important for FX
- Confirmed with Bessent agreement made between two nations on FX
More:
- Met with G7 finance leaders, discussed world economy, support for Ukraine
- Told G7 about Japan’s concern about China’s rare earth restrictions
- Told G7 that we should be vigilant against excessive fluctuations and disorderly movements in forex market
- Met US Treasury Secretary Bessent
- Told G7 tit-for-tat retaliation on trade would have adverse impact on global economy
