Japanese Finance Minister Shunichi Kato said on Tuesday, “excessive volatility would negatively affect economic and financial stability.”
Additional quotes
- Planning to attend the Spring meetings of IMF, World Bank in Washington.
- Forex rates should be determined by markets.
- Have agreed with Bessent to closely communicate on forex.
- Closely monitoring financial markets as they have been unstable recently.
Market reaction
USD/JPY was last seen trading at 143.40, up 0.22% on the day.