Japan's Finance Minister Aims for Consensus on Currency Issues in Upcoming Talks

May 16, 2025 - 10:31

TOKYO - Japanese Finance Minister Katsunobu Kato announced on Friday his intention to engage in discussions regarding foreign exchange matters with U.S. Treasury Secretary Scott Bessent. Kato emphasized the importance of addressing excessive currency volatility, which he described as detrimental to economic stability.

During a previous meeting on April 24, both officials agreed that foreign exchange rates should be determined by market forces. However, Kato stressed that fluctuations beyond a certain point could have negative repercussions for the economy. As global markets continue to experience turbulence, the dialogue between Japan and the U.S. is seen as crucial in fostering a stable economic environment.

Kato's remarks come at a time when many countries are grappling with the impacts of currency fluctuations on trade and investment. The upcoming discussions are expected to focus on strategies to mitigate volatility and promote a more predictable foreign exchange landscape. The outcome of these talks could have significant implications for both nations' economic policies moving forward.