The finance ministers of Japan and South Korea are concerned about excessive currency depreciation and are taking appropriate measures to prevent disorderly fluctuations

The finance ministers of Japan and South Korea expressed concerns over the excessive depreciation of their respective currencies and confirmed that measures will be taken to address market volatility. Both countries emphasized the importance of regional financial security and bilateral cooperation, reiterating their commitment to closely monitor the foreign exchange market to prevent disorderly fluctuations in exchange rates. The parties discussed the impact of the situation in the Middle East on financial markets and explored the possibility of promoting investment. The Japanese yen reached a 20-month low against the US dollar, while the South Korean won fell below the psychological barrier of 1500 won per US dollar. The Japanese finance minister stated that the government is ready to take necessary measures to respond to foreign exchange fluctuations at any time