On May 2nd, Japanese Finance Minister Katsuyuki Kato stated that there have been no discussions with the United States regarding the goals and framework for controlling foreign exchange trends; Discussed with the United States whether constructive discussions are needed on foreign exchange issues; Japan has not manipulated the yen exchange rate and must thoroughly explain this to the United States. He also said that the huge amount of US treasury bond held by Japan could be one of the tools used in trade negotiations.
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