Reported 8 months ago
South Korean Finance Minister Choe Sang-mook and Japanese Finance Minister Toshihide Suzuki expressed serious concerns over the sharp depreciation of their respective currencies during a bilateral meeting in Seoul. They agreed to take appropriate response measures to ensure exchange rate stability and strengthen cooperation on broader economic and social issues. This marked the first meeting between finance ministers of Japan and South Korea in eight years. Both countries emphasized the importance of remaining vigilant and timely policy responses to maintain economic growth and financial stability. They pledged to continue taking appropriate measures against excessive exchange rate fluctuations as the Korean won and Japanese yen have significantly depreciated in recent months against the US dollar.
Source: YAHOO