Japan’s Kato: Hope to have a gathering with US Treasury Sec. Bessent to debate foreign exchange

Japanese Finance Minister Katsunobu Kato stated on Tuesday that “if have an opportunity, hope to have a gathering with US Treasury Secretary Scott Bessent to debate foreign exchange.”

Extra quotes

• Making preparations to affix G7 conferences in Banff.
• Attainable to debate the tariff deal if a gathering with Bessent is realised.
• Will carefully monitor the US-China tariff deal.
• Gained’t touch upon foreign exchange ranges.
• Will carefully be careful markets developments attributable to the US-China tariff deal.

Market response

On the press time, USD/JPY is dropping 0.34% on the day, buying and selling close to 147.95.