Japan, South Korea vow to fight forex volatility
The finance ministers of Japan and South Korea have pledged to take measures to defend their currencies, which have depreciated against the U.S. dollar. Following their meeting in Tokyo, they emphasized the need for vigilance and agility in policy decisions to support economic growth and financial stability. The ministers expressed concerns over the rapid decline of the Korean won and Japanese yen, exacerbated by geopolitical tensions. They committed to monitoring foreign exchange markets and addressing excessive volatility in exchange rates.
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