Top economic policy makers of South Korea, the United States and Japan plan to hold their first trilateral talks in Washington this week to discuss ways for stronger three-way cooperation on financial issues and better coordinating responses to global economic challenges, Seoul’s finance ministry said Tuesday.
South Korea’s Finance Minister Choi Sang-mok is scheduled to leave for Washington in the day to hold a meeting with U.S. Treasury Secretary Janet Yellen and Japan’s Finance Minister Shunichi Suzuki slated for Wednesday (U.S. time), according to the Ministry of Economy and Finance.
The upcoming meeting, the first of its kind, comes as South Korean President Yoon Suk Yeol, U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed to launch a meeting between their finance ministers during a summit in Maryland in August 2023.
On the table is expected to be how to enhance trilateral cooperation on economic and financial issues in response to global supply chain disruptions and growing instabilities stemming from the Middle East crisis and Russia’s invasion of Ukraine, among other issues, as well as uncertainties over the monetary policies of major economies amid still-high inflation.
https://en.yna.co.kr/view/AEN20240415005400320?section=national/diplomacy