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.
