Japan’s Finance Minister, Katsunobu Kato, announced on Friday that Japan will work closely with the United States to discuss foreign exchange rates. He explained that both countries agree that too much change in currency value is bad for their economies. Kato said that they believe currency values should be decided by the market, not by random actions, as big swings can hurt the economy. He assured that Japan will keep talking with the U.S. about this important issue. On the same day, the value of the dollar dropped to 143.84 yen, which is the lowest point since October of last year.
Leave a Reply