Japan finance minister Kato says Japan is not devaluing the yen

  • Won't comment on what Trump has to say

Japan finance minister Kato

  • Japan is not pursuing a policy of devaluaing the yen
  • I have confirmed with US Treasury Secretary Bessent our basic stance on forex
  • I won't comment on foreign leaders have to say

ICYMI over the past decade or so, Japanese authorities say super-loose monetary policy is in order to combat deflation and low inflation, the weak yen is just a side effect.

USD/JPY update:

usdyen update 33 04 March 2025 2

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