Japanese Finance Minister Kato says did not discuss with US FX target or framework to control FX moves but discussed with US the need for constructive discussion on FX
Says:
- No discussion whatsoever with US on where FX levels should be.
- Confirmed with US during earlier meeting with Bessent that FX moves should be set by markets and that excessive FX volatility is undesirable.
- Japan is not manipulating yen and must explain this thoroughly to US.
01 May 2025 - 22:28- MetalsEconomic Commentary- Source: Newswires
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