Japan finance minister Kato says negative impacts of excessive FX volatility
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Japan finance minister Kato
- Planning to attend spring meetings of IMF, World Bank in Washington
- Forex rates should be determined by markets
- Excessive volatility would negatively affect economic and financial stability
- Have agreed with Bessent to closely communicate on forex
- Closely monitoring financial markets as they have been unstable recently
Kato gets a bit of extra bang for buck from his comments if he manages to conjure up some sort of cooperation with Bessent.
This article was written by Eamonn Sheridan at www.forexlive.com.
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