The finance chiefs of Japan and the United States have agreed to maintain close consultation on foreign exchange (forex) markets, amid concerns over recent currency fluctuations. Japanese Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen held discussions on the sidelines of a G20 meeting, where they emphasized the importance of stable forex markets for the global economy.
The talks come as the Japanese yen has experienced significant volatility, raising concerns about its impact on trade and economic stability. Both officials acknowledged the need to avoid excessive currency movements that could disrupt economic growth and agreed to continue working together to address any market instability. Minister Suzuki reiterated Japan’s stance on taking appropriate measures to respond to excessive forex volatility, while Secretary Yellen emphasized the U.S. commitment to market-driven exchange rates. Both sides also discussed broader economic issues, including efforts to strengthen the global economy and address inflationary pressures. The agreement reflects the strong economic partnership between Japan and the United States, as well as their shared commitment to ensuring stability in international financial markets. The two nations plan to maintain close communication and coordination on economic policies moving forward.
