Bessent: US will not pursue currency target in Japan trade talks

Treasury secretary signals fixing trade imbalance will be main goal

20250423N Bessent DC

U.S. Treasury Secretary Scott Bessent at a Q&A session with Nikkei and other news outlets in Washington on April 23. (Photo by Kosuke Takami)

TAKESHI KAWANAMI

WASHINGTON -- The U.S. has "no currency targets" in mind for negotiations with Japan over sweeping new tariffs, U.S. Treasury Secretary Scott Bessent said Wednesday, signaling discussions will focus on the countries' trade imbalance.

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