Japan finance minister Kato told the G7 that US tariffs are highly disappointing

Japan finmin Kato:

• US tariffs, countermeasures are creating uncertainties in financial market

• told G7 US tariffs are highly disappointing
• Stressed that free trade regime promotion important
• Constructive policy discussion important
• refrains from comment on Bessent’s foreign exchange remarks
• FX rates should be determined by the market
• Excessive forex moves negatively affect the economy
• In meeting with Bessent tomorrow, hope to hold talks on basis of past understanding on the need for two countries to coordinate closely

This article was written by Eamonn Sheridan at www.forexlive.com.