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Japan, U.S. Finance Chiefs: Exchange Rate Reflects Fundamentals; Also Discussed Tariff Talks, Security Cooperation

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By Yuma Ikeshita and Hiroyuki Tanaka / Yomiuri Shimbun Staff Writers

16:12 JST, May 22, 2025

BANFF, western Canada — Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent have agreed that exchange rates should be determined by the market and that the current dollar-yen rate “reflects fundamentals,” according to the U.S. Treasury Department.

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