Japan on Friday announced a joint statement on foreign exchange policy with the United States. It follows the signing of a document on US tariffs by the two countries.
Japanese Finance Minister Kato Katsunobu said on Friday that he and US Treasury Secretary Scott Bessent reaffirmed that exchange rates should be determined by markets.
They also confirmed that excess volatility and erratic movements can have a negative impact on economic and financial stability.
Kato said the joint statement is highly significant, as it confirms a common recognition and the importance of transparent foreign-exchange policy.
