Japan finance minister Katayama says had no direct talks with Bessent on monetary policy

• Bessent’s comments on monetary policy were general
• Had no direct talks about direction of monetary policy
• Bessent knows well about rules on central banks, likely wasn’t urging BOJ to raise rates
• No specific discussions on FX as well in the meeting
• There is no change to the US-Japan joint statement on FX
• It is desirable for currencies to move in stable manner, reflecting fundamentals

She’s making reference to the earlier comments here. But yeah, I’m sure Bessent wasn’t trying to subtly hint at anything there. Like really sure. Like 200% sure. Or sorry, make that 300%. Pfft. Ignorance is bliss as they say. So, this is a good jibe back at the US.

This article was written by Justin Low at investinglive.com.