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Thu, January 30, 2025
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Wed, January 29, 2025
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Japan to cooperate with Bessent on forex, other issues

Japan to cooperate with Bessent on forex, other issues


Published on 2025-01-29 22:00:48 - Reuters
  Print publication without navigation

  • Japanese Finance Minister Katsunobu Kato and U.S. Treasury secretary Scott Bessent will cooperate on issues including forex, Kato said on Wednesday, following a video conference call between the two officials.

The article from Reuters discusses Japan's intention to cooperate with the United States on foreign exchange and other issues in 2025. This decision comes in light of recent volatility in the forex markets, particularly involving the yen. Japan's Finance Minister, Shunichi Suzuki, expressed concerns over the rapid movements in currency values and emphasized the need for stability. The cooperation aims to address not only currency fluctuations but also broader economic stability, potentially involving discussions on monetary policy, trade, and economic sanctions. This move is seen as part of Japan's strategy to navigate the complex global economic landscape, especially in the context of ongoing geopolitical tensions and economic recovery efforts post-COVID-19.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/asia-pacific/japan-cooperate-with-bessent-forex-other-issues-2025-01-29/ ]
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