U.S. has no currency targets in mind in talks with Japan, Bessent says

WASHINGTON, April 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he does not have specific currency targets in mind as part of bilateral trade talks with Japan.

"We'd expect the Japanese to honor the G7 agreement," Bessent told reporters on the sidelines of International Monetary Fund and World Bank annual meetings.

"We are looking at multiple factors, tariffs, non-tariff trade barriers, currency manipulation and government subsidy of labor and fixed capital investment," he said.

Bessent is expected to meet Japanese Finance Minister Katsunobu Kato in Washington this week, with the exchange rate likely to be among key topics of debate.

"No currency targets," Bessent said when asked whether the U.S. will discuss any currency targets with Japan as part of the bilateral trade negotiation.