Japan Urges G20 to Stay Vigilant Against Currency Market Volatility

Japanese Finance Minister Katsunobu Kato expressed concerns about the increasing volatility in the foreign exchange market to the Group of Twenty (G20) finance leaders during the two-day meeting that concluded today in Washington. Kato emphasized the need for officials to monitor excessive fluctuations in the foreign exchange market and any potential adverse effects arising from the economic policies of G20 members.

In a press conference following the meeting, Kato stated, "I noted at the G20 meeting that volatility in the foreign exchange market remains high." This statement underscores Japan's stance on the necessity for international cooperation to address and mitigate risks associated with instability in the foreign exchange market.

The G20 meeting, gathering finance ministers and central bank governors from 19 countries and the European Union, serves as a platform for discussing international financial stability and economic policy coordination. Japan's call for vigilance reflects concern over the potential impact of exchange rate volatility on economic growth and stability.