Japanese Finance Minister Katsunobu Kato told G7 countries on Thursday that "US tariffs are highly disappointing.
US tariffs, countermeasures are creating uncertainties in financial market.
Stressed that free trade regime promotion important.
Constructive policy discussion important.
No comment on Bessent's foreign exchange remarks.
Many countries make reference to US tariffs.
Forex rate should be determined by market.
Excessive forex move negatively affect economy.
In meeting with Bessent tomorrow, hope to hold talks on the basis of past understanding on the need for the two countries to coordinate closely.
Raised China's excess capacity as an issue that needs to be resolved in the G7 meeting.
Told G7 meeting countries need to work together to urge China to take steps to address domestic imbalances, help make the global economic system more balanced.
US tariffs and counter-measures by some nations have heightened uncertainty, destabilised markets including FX and have negative impact on economy.
Each country must monitor developments to maintain economic, market stability and take necessary steps while cooperating nimbly.

Source: Fxstreet