Japan’s Kato: Excessive volatility would negatively affect economic and financial stability
FXStreetApr 15, 2025 1:58 AM
Japanese Finance Minister Shunichi Kato said on Tuesday, “excessive volatility would negatively affect economic and financial stability.”
Additional quotes
- Planning to attend the Spring meetings of IMF, World Bank in Washington.
- Forex rates should be determined by markets.
- Have agreed with Bessent to closely communicate on forex.
- Closely monitoring financial markets as they have been unstable recently.
Market reaction
USD/JPY was last seen trading at 143.40, down 0.07% on the day.
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