March 05, 2025 at 04:26AM
Japan finance minister Kato:
Have shared views on FX with US counterpart
Have shared views
with US counterpart that FX rates are determined by markets,
excessive volatility negatively impacts economy, financial stability
***
This has been a bit of a saga this week, in order:
Washington has signaled that it could treat currency manipulation as a nontariff barrier that could trigger a counter levy from the U.S.
Japan finance minister Kato says Japan is not devaluing the yen
More background on why Trump threatened Japan and China over currency deprecation
This article was written by Eamonn Sheridan at www.forexlive.com.
Japan fin min Kato says has shared views with US counterpart on FX (ie yen) rates