U.S., Japan agree to address Ukraine war-driven FX volatility, economic challenges

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TOKYO (Reuters) – U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address rising food and energy prices exacerbated by Russia’s war in Ukraine. They said the war had increased exchange rate volatility, which could have adverse implications for economic and financial stability, and pledged to continue to consult closely on foreign exchange markets and “cooperate as appropriate” on currency issues, in line with their commitments as part of the Group of Seven (G7) and Group of 20 economi…

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