The latest statement between financial chiefs indicates that the two countries intend to keep currency matters separate from Trump’s potential push to reduce the US trade deficit in the future.
“They reaffirmed that exchange rates should be market-determined and that excess volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability,” according to the joint statement detailing talks between US Treasury Secretary Scott Bessent and Japan Finance Minister Katsunobu Kato.
The joint statement comes roughly a week after US President Donald Trump signed an executive order putting into effect the two nations’ recent trade deal. The latest statement between financial chiefs indicates that the two countries intend to keep currency matters separate from Trump’s potential push to reduce the US trade deficit in the future.
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