Japan’s PM Ishiba: US tariffs have the potential to disrupt the world economic order
|Japanese Prime Minister (PM) Shigeru Ishiba warned on Monday that “US tariffs have the potential to disrupt the world economic order.”
Meanwhile, the country’s Finance Minister Shunichi Kato said that “the US and Japan share the view that excessive FX volatility is undesirable.”
“FX rate to be determined by markets,” Kato noted further.
Japan's Economy Minister Ryosei Akazawa stated that "the FX issues will be dealt with between Finance Minister Kato and US Treasury Secretary Scott Bessent."
Market reaction
USD/JPY has come under intense selling pressure in the last hour, as the Japanese Yen (JPY) resumes its upward trajectory following these comments. At the press time, the pair is down 0.57% on the day at around 142.70.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.