Bessent Says ‘No Currency Targets’ Sought in Japan Talks

Scott Bessent arrives at the IIF Global Outlook Forum in Washington, DC, on April 23. — Scott Bessent arrives at the IIF Global Outlook Forum in Washington, DC, on April 23.
Photographer: Kent Nishimura/Bloomberg

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By Erica Yokoyama and Daniel Flatley

April 23, 2025 at 6:16 PM UTC

Updated on

April 23, 2025 at 6:36 PM UTC

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US Treasury Secretary Scott Bessent said the Trump administration won’t be pursuing specific exchange-rate targets in its talks with Japan, instead reiterating his predecessor’s calls for Tokyo to abide by long-standing Group of Seven commitments.