Japan finance minister Kato

  • Making preparations to join G7 meetings in Banff
  • If have a chance, hope to have a meeting with U.S. Treasury Secretary Bessent to discuss forex
  • Possible to discuss tariff deal if meeting with Bessent is realised
  • Will closely monitor U.S.-China tariff deal
  • Won’t comment on forex levels
  • Will closely watch out markets developments caused by U.S.-China tariff deal

Yen lost ground since the weekend's US-China tariff trim-and-pause:

usdyen kato bessent intervwention 13 May 2025 2
Source: Forex Live