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.
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