Japan’s Kato: Deeply concerned about US tariffs affecting Japan, world economy

Japanese Finance Minister Shunichi Kato said on Thursday that he is “deeply concerned about US tariffs affecting Japan, world economy.”

Additional quotes

• Impact could be felt via various routes such as trade and financial markets.
• There's a risk of exerting downwards pressure on Japan's economy.
• No comment on what will be discussed on FX at possible meeting with US Treasury Secretary Scott Bessent.
• No change to Japan's stance over recent FX market developments.
• Actively exchanging views with the US on basic stance on FX.
• Will closely communicate with the US on currency issues in light of market volatility.

Market reaction

USD/JPY was last seen trading at 142.75, up 0.61% on the day.