Japan braces for US forex demands ahead of talks with Bessent

Guesses about Washington's requests range from BOJ rate hikes to Plaza Accord redux

20250422N Bessent Kato

U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato are expected to discuss currency issues. (Source photos by Reuters, Nikkei)

YOHEI HIROSE

TOKYO -- Japanese Finance Minister Katsunobu Kato says he is prepared to discuss the weak yen with U.S. Treasury Secretary Scott Bessent on Thursday as part of the countries' tariff talks, highlighting the risk of possible American demands like currency intervention and interest rate hikes.

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