Japan’s Kato: Excessive volatility would negatively affect economic and financial stability

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.