The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat they face from stiff inflation that is being aggravated by weak exchange rates. In the first trilateral finance dialogue since last year's historic three-way leaders summit at Camp David, the U.S., Japan and South Korea agreed on Wednesday to "consult closely" on currency markets, acknowledging "serious concerns" from Tokyo and Seoul over the slumping Japanese yen and South Korean won.
By Leika Kihara WASHINGTON (Reuters) - The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat they face from stiff inflation that .
By Leika Kihara WASHINGTON (Reuters) - The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat they face from stiff inflation that .
The International
Monetary Fund urged Asian central banks to focus on domestic
inflation and avoid tying their policy decisions too closely to
anticipated moves by the U.S. Federal Reserve. . -April 18, 2024 at 10:15 am EDT
- MarketScreener
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