NIPPON



 

Minister-level finance officials of Japan and South Korea held a meeting in Tokyo on Saturday, sharing concern over the rapid depreciation of the two countries' currencies.

A joint statement adopted at the meeting expressed "serious concern over the recent sharp depreciation of the Korean won and the Japanese yen."

 

Participants "reaffirmed that they will closely monitor foreign exchange markets and continue to take appropriate actions against excessive volatility and disorderly movements in exchange rates," the document also said.

From Japan, Finance Minister Satsuki Katayama and other officials attended the gathering. South Korea was represented by Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol.

 

The attendees also confirmed the importance of close cooperation to ensure stable energy supply amid growing tensions in the Middle East, such as Iran's blockade of the Strait of Hormuz, a key oil transportation waterway.