Japan finance minister Kato

  • Planning to attend spring meetings of IMF, World Bank in Washington
  • Forex rates should be determined by markets
  • Excessive volatility would negatively affect economic and financial stability
  • Have agreed with Bessent to closely communicate on forex
  • Closely monitoring financial markets as they have been unstable recently

Kato gets a bit of extra bang for buck from his comments if he manages to conjure up some sort of cooperation with Bessent.

Source: Forex Live