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 seek to have a meeting with Bessent, discuss FX and other matters

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

usdyen bessent kato fx talks 16 May 2025 2
Source: Forex Live