Japanese Finance Minister Shunichi Kato expressed significant concern Thursday regarding the potential impact of U.S. tariffs on Japan and the global economy. He noted that adverse effects could manifest through trade and financial channels, potentially exerting downward pressure on Japan’s economic performance. Kato declined to comment on potential foreign exchange discussions with U.S. Treasury Secretary Scott Bessent. He affirmed Japan’s consistent position on recent foreign exchange market developments and emphasized ongoing communication with the U.S. regarding fundamental foreign exchange policy. Japan will maintain close communication with the U.S. on currency matters, particularly in light of market volatility. As of the report, USD/JPY was trading at 142.75, reflecting a 0.61% increase.
