Japan finance minister to continue dialogue with Bessent based on forex consensus

ReutersMay 16, 2025 12:38 AM

TOKYO, May 16 (Reuters) - 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.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Tesla Q1 Profit Beats Wall Street Expectations, Musk’s $25 Billion Capital Expenditure Plan Cools Market

TradingKey - Tesla (TSLA) released its first-quarter 2026 earnings report after the market close on April 22 ET, providing a brief boost to its recently sluggish stock price. However, market concerns were subsequently triggered by the company's capital expenditure plans.

Today’s Market Recap: Nasdaq Hits Record High as Tech Rallies on AI Growth; Tesla Q1 Beats Estimates Amid Spending Surge

Nasdaq Record High, Tesla’s Spend Warning, Alphabet and Coinbase Lead Gains, and the $160B Tariff Refund Standoff

SK Hynix Q1 2026 Earnings Preview: Memory Chip Prices Surge, Profit Set to Double

TradingKey - Memory giant SK Hynix is set to disclose its first-quarter fiscal 2026 results on Thursday, with the market holding high expectations for its performance.

Meme Stocks Reappear. Avis Shares Reach New Highs Amid Short Squeeze. Can Retail Investors Still Buy?

TradingKey - U.S. car rental giant Avis (CAR) is replicating the concentrated capital short squeeze seen with GameStop (GME). Over the past six weeks, Avis's stock price has surged from the $100 range to an all-time high of $713.97, representing a cumulative gain of over 200%. On April 21, the stock

Tesla Q1 2026 Earnings Preview: 50,000-Unit Inventory Overhang, Energy Storage Halved, 5 Core Metrics Long-Term Investors Should Really Watch

Tesla’s Q1 2026 earnings will be released on April 22. With Q1 deliveries at 358,023 units, inventory surging by 50,363 units, and energy storage nearly halved from 14.2 GWh to 8.8 GWh, analyst target prices show a five-fold discrepancy, ranging from $119 to $600. For long-term investors, this article deconstructs five core metrics that will determine the success of the company's transformation: the 17.9% automotive gross margin floor, management’s explanation for energy storage performance, the $20 billion CapEx guidance, the 1.1 million FSD subscription structure, and the inaugural disclosure of Robotaxi operational data.

Featured Tools