- We’ll continue to ask US to reconsider tariffs.
- Tokyo ready to respond to Chinese import surge.
- Tokyo’s principle is FX rates should be determined by the market.
- Plaza accord 2.0 hasn’t come up for discussion with the US.
Katsunobu Kato is Japan’s Finance Minister. There’s nothing new here as the Japanese continue to push for a rollback of the reciprocal tariffs.
Just earlier we got the news that the Japanese negotiators firmly opposed the US tariffs proposal as it included reluctance to lowering tariffs on autos, steel, and aluminum.
This article was written by Giuseppe Dellamotta at www.forexlive.com.