Market News
Japan says no talk of currency target, yen control in finance dialogue with US - REUTERS
By Leika Kihara
Summary
- Japan's Kato, US Bessent meet for 1st face-to-face talks
- Kato says explained Japan's economy, wages to Bessent
- US Treasury issues no statement on bilateral meeting
- BOJ chief says focusing on durably achieving price goal
WASHINGTON, April 24 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Thursday he agreed with U.S. Treasury Secretary Scott Bessent to continue "constructive" dialogue on currency policy, but did not discuss setting currency targets or a framework to control yen moves.
Kato said he explained to Bessent "Japan's economic developments including recent wage increases" in their first face-to-face meeting held in Washington earlier on Thursday.
