US urged sound formulation and communication of monetary policy in Monday meeting with Japan, Treasury Dept says

WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Scott Bessent met Japanese Finance Minister Satsuki Katayama on Monday and "emphasized the need for sound formulation and communication of monetary policy," the U.S. Treasury Department said in a statement on Wednesday.

"Noting the inherent undesirability of excess exchange rate volatility, the Secretary also emphasized the need for sound formulation and communication of monetary policy," the department said about the meeting.