Japan finmin Kato:
- Will work on negotiations with us on tariffs
- Not decided whether to attend G20 meetings in South Africa
- Expect us stance to change as we continue trade negotiations
- Will take necessary steps to help industries cope with US tariffs while communicating with other agencies
- Have deepened understanding with Bessent on forex, will continue close coordination
- no current plans for specific foreign-exchange discussions with U.S. Treasury Secretary Scott Bessent.
Kato enjoys dropping Bessent's name into his remarks, it usually causes a scramble to unwind market positioining in the yen.
