Japan, US finance chiefs did not discuss currency levels during talks
Japan's Finance Minister Kato Katsunobu and US Treasury Secretary Scott Bessent apparently did not discuss the issue of currency levels when they met on Wednesday on the sidelines of a gathering of finance leaders from the Group of Seven nations in Canada.
The Treasury Department reports the two discussed matters, such as global security and the US-Japan trade issue.
The department says Bessent and Kato "reaffirmed their shared belief that exchange rates should be market determined and that, at present, the dollar-yen exchange rate reflects fundamentals."
It notes that the two finance chiefs did not talk about foreign exchange levels when they met last month.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NHK
17 minutes ago
- NHK
South Korea suspends loudspeaker announcements against the North
South Korea's presidential office says the country's military suspended loudspeaker broadcasts against North Korea along the inter-Korean border on Wednesday. The move came about a year after the South Korean military started the broadcasts near the Demilitarized Zone in June of last year in response to the North's repeated launches across the border of trash-carrying balloons. The presidential office said President Lee Jae-myung ordered the suspension. It also said, "The measure reflects the government's commitment to restoring trust in inter-Korean relations and establishing peace on the Korean Peninsula." It added that the president took the step to implement the things he pledged during the presidential election campaign. Lee, who took office last week, is taking a conciliatory stance toward Pyongyang, in contrast to the previous administration. He has vowed to open channels of communication with the North and work toward peace on the Korean Peninsula through dialogue and cooperation. The new South Korean government also asked private organizations to suspend their anti-Pyongyang leaflet campaigns. South Korean media outlets reported that a series of measures are apparently being taken to build an atmosphere conducive to holding dialogues with North Korea.
NHK
an hour ago
- NHK
China's new vehicle sales rise for 4th straight month
China's new vehicle sales rose for the fourth straight month in May, backed by strong demand for electric and other so-called new energy models. The China Association of Automobile Manufacturers says unit sales, including exports, increased 11.2 percent year-on-year to over 2.68 million. Sales of electric, plug-in hybrid and fuel cell models were up nearly 37 percent, helped by the government's trade-in incentives. The category accounted for 48.7 percent of overall sales. Exports, including gasoline cars, rose 14.5 percent to 551,000 units. The key focus is on how the intensifying price competition in China's auto market and trade friction between Beijing and Washington may impact sales trends.
an hour ago
Ishiba Vows to Overcome Rising Inflation
News from Japan Politics Jun 11, 2025 20:36 (JST) Tokyo, June 11 (Jiji Press)--Japanese Prime Minister Shigeru Ishiba pledged to address rising inflation, during a parliamentary debate with leaders of opposition parties Wednesday. "We'll overcome higher prices at any cost," Ishiba said in response to a question by Yoshihiko Noda, leader of the Constitutional Democratic Party of Japan, about the government's inflation measures. Ishiba showed reluctance to lower the consumption tax rate as sought by opposition parties. He also took a cautious stance about lowering the gasoline tax, saying that those who propose doing so "need to present alternative financial resources." On Japan-U.S. tariff talks, the prime minister said, "We will not choose to sacrifice agriculture in exchange for protecting automobiles." [Copyright The Jiji Press, Ltd.] Jiji Press
