17-07-2025
Japan's Kato Says Domestic Reform the Best Way to Fix Imbalances
Japan told the Group of 20 countries that tariffs are not an appropriate measure to fix imbalances, and that countries facing such situations need to address them through domestic efforts, said Finance Minister Katsunobu Kato.
'Japan said that tariffs aren't really the right tool to fix excessive current accounts imbalances,' Kato told reporters Thursday. US Treasury Secretary Scott Bessent did not attend the gathering.
