April 18, 2025 - 11:39
TOKYO - Japan's Finance Minister Katsunobu Kato firmly stated in parliament that the country does not engage in currency manipulation to devalue the yen. This declaration comes in response to allegations made by U.S. President Donald Trump, who accused Japan of deliberately weakening its currency to benefit its exporters. Kato emphasized that Japan's monetary policy is aimed at achieving economic stability and growth rather than undermining the yen's value for competitive advantage.
The Finance Minister's comments are particularly significant as he prepares for an upcoming visit to Washington, where discussions on economic cooperation and trade relations are anticipated. Kato's assurance seeks to alleviate tensions between Japan and the United States regarding currency practices, which have been a point of contention in international trade discussions. As the global economy continues to navigate challenges, Japan remains committed to transparent and fair financial practices.
