US Treasury Secretary Janet Yellen agreed with her Japanese counterpart Tuesday that volatile exchange rates pose a risk, and pledged to consult and cooperate as appropriate.
“The economic fallout from Russia’s invasion has raised exchange rate volatility, which can have adverse implications for economic and financial stability,” Yellen and Finance Minister Shunichi Suzuki said in a joint statement after meeting in Tokyo. “We will continue to consult closely on exchange markets and cooperate as appropriate on currency issues, in line with our G-7 and G20 commitments.”
https://www.bloomberg.com/news/articles/2022-07-12/yellen-suzuki-agree-volatile-forex-a-risk-to-consult-as-needed
2022-07-12 07:10:13Z
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