Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters

Japan finmin Kato:

• Convinced that Bessent is a reliable counterpart able to have constructive dialogue, will continue to closely coordinate with him
• Reaffirmed with Bessent in talks on April 24 that excessive Forex volatility has averse impact on economy
• Will continue talks with him based on this understanding
• Will seek to have a meeting with Bessent, discuss FX and other matters

USD/JPY update, a little lower now following the poor GDP data:

• Japan Q1 GDp -0.2% q/q (expected -0.1%)

This article was written by Eamonn Sheridan at www.forexlive.com.