Japan's Finance Minister Katsunobu Kato Addresses Parliament on Forex Stability and Budget Scrutiny Amid Rising Prices on March 31, 2025

Japanese Finance Minister Katsunobu Kato addressed parliament on March 31, 2025, discussing key financial issues facing the nation. During his address, Kato emphasized the importance of maintaining communication with U.S. counterparts regarding foreign exchange (forex) matters. He stated that excessive movements in the forex market are undesirable, reflecting concerns over currency volatility. Opposition parties in Japan are intensifying their scrutiny of the government's new budget, particularly regarding measures to combat rising prices, while criticism is also emerging from within the ruling Liberal Democratic Party (LDP).