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Japanese Finance Minister Katsunobu Kato said on Friday that he would seek to discuss foreign exchange issues with U.S. Treasury Secretary Scott Bessent based on the understanding that excessive currency volatility is undesirable.
“We reaffirmed at our meeting on April 24 that foreign exchange rates should be set by markets and that excessive volatility has adverse impacts on economic and financial stability,” Kato told parliament.
“Based on this understanding, I will continue dialogue with Treasury Secretary Bessent,” he said.
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