Japan’s finance minister wants to discuss forex with Bessent at G7

HomeForex News

Japan’s finance minister wants to discuss forex with Bessent at G7

TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Tuesday that he seeks to meet with U.S. Treasury Secretary Scott Bessent on the side

TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Tuesday that he seeks to meet with U.S. Treasury Secretary Scott Bessent on the sidelines of the G7 meetings in Canada next week to continue discussions on foreign exchange.

“I’m making preparations to attend the meetings of finance leaders from the G7 (Group of Seven) economic powers in Canada next week,” Kato said, speaking at a regular press conference.

“If circumstances allow, I’d like to use this opportunity to have a meeting with Treasury Secretary Scott Bessent and continue to discuss foreign exchange,” he said.

Kato and Bessent last met on April 24 in Washington, where they agreed to continue “constructive” dialogue on currency policy, but did not discuss setting currency targets or a framework to control yen moves.

At Tuesday’s press conference, Kato said if the meeting with Bessent goes ahead, they could discuss U.S. tariffs.

(Reporting by Makiko Yamazaki and Satoshi Sugiyama; Editing by Jacqueline Wong)

www.marketscreener.com