Market News
Japan does not manipulate FX to weaken the yen, finmin says - REUTERS
By Leika Kihara
Summary
- Japan does not manipulate market to weaken yen, finmin says
- Kato plans to visit Washington next week, may meet Bessent
- Kato says no date fixed yet on possible talks with Bessent
- Outcome of US-Japan FX talks could affect BOJ's policy path
TOKYO, April 18 (Reuters) - Japan does not manipulate the currency market to weaken the yen, Finance Minister Katsunobu Kato told parliament on Friday, countering accusations from U.S. President Donald Trump that Japan intentionally depreciates its currency to help exporters.
The remarks came ahead of Kato's scheduled visit to Washington next week, where he may hold a bilateral meeting with U.S. Treasury Secretary Scott Bessent on the sidelines of the G20 finance leaders' gathering and spring IMF meetings.
