Market News
Japan-US to base talks on past FX agreement, Kato says - REUTERS
TOKYO, May 20 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable.
"In our previous meeting, we confirmed that exchange rates should be set by markets, and that excessive volatility in currency moves has an adverse economic and financial impact," Kato told a news conference.
