Japan’s Finance Minister Kato Says Exchange Rate Should Be Market-Determined

Japan’s Finance Minister Kato: Exchange Rate Should Be Market-Determined

Japanese Finance Minister Katsunobu Kato stated that he shares the view with US Treasury Secretary Scott Bessent that exchange rates should be market-determined. He clarified that no discussion took place regarding specific exchange rate targets.

G7 Finance Ministers Hopeful on Tariff Negotiations

Kato also noted that the Group of Seven (G7) finance ministers remain optimistic about ongoing tariff talks, which could ease trade tensions. The positive outlook from the G7 adds confidence to the markets.

Market Reaction: USD/JPY Tests 146.00

Following these comments, the USD/JPY currency pair rose sharply, testing the 146.00 level and gaining about 0.83% during the session. The market responded positively to the message of stable exchange rate policy and hopeful tariff discussions.

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