Japan’s Kato: No current plans for specific forex discussions with Bessent

Japanese Finance Minister Katsunobu Kato said on Tuesday that he has “no current plans for specific foreign-exchange (forex) discussions with US Treasury Secretary Scott Bessent.”

Additional quotes

Will work on negotiations with US on tariffs.

Not decided whether to attend G20 meetings in South Africa.

Expect US stance to change as we continue trade negotiations.

Will take necessary steps to help industries cope with US tariffs while communicating with other agencies.

Have deepened understanding with Bessent on forex, will continue close coordination.