Japanese Finance Minister Shunichi Kato said on Thursday that he is “deeply concerned about US tariffs affecting Japan, world economy.”

Additional quotes

  • Impact could be felt via various routes such as trade and financial markets.
  • There's a risk of exerting downwards pressure on Japan's economy.
  • No comment on what will be discussed on FX at possible meeting with US Treasury Secretary Scott Bessent.
  • No change to Japan's stance over recent FX market developments.
  • Actively exchanging views with the US on basic stance on FX.
  • Will closely communicate with the US on currency issues in light of market volatility.

Market reaction

USD/JPY was last seen trading at 142.75, up 0.61% on the day.

Source: Fxstreet