Global Economy
Japanese Finance Minister Katayama says exchanged views on FX trends with US Treasury Secretary Bessent on Friday and agreed to bolster cooperation, adds we believe the undervalued yen, in general, is problematic
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Japan's Finance Minister Katayama agreed with US Treasury Secretary Bessent to bolster FX cooperation, labeled the weak yen problematic, and dismissed reflationary policy concerns.
News detail
Says: Will continue close communications with US Treasury to ensure orderly Forex markets. PM Takaichi's administration is not reflationary. CLosely monitoring bond markets. Interest rates are determined by markets. Will communicate closely with bond markets and conduct appropriate debt management policy. Will communicate closely with market participants while maintaining high sense of urgency
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