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US, Japan reaffirm FX rates should be 'market determined'

ReutersSep 12, 2025 12:37 AM

TOKYO, Sept 12 (Reuters) - The United States and Japan reaffirmed that exchange rates should be "market determined" and that excess volatility and disorderly moves in exchange rates were undesirable, according to a joint statement released by the countries on Friday.

"As trusted partners, the United States Department of the Treasury and the Japanese Ministry of Finance agreed to continue their close consultations on macroeconomic and foreign exchange matters," they added in the statement.

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