South Korea and Japan have expressed serious concerns regarding the recent excessive volatility of their currencies, the won and the yen, against the dollar. South Korean authorities, including Central Bank Governor Rhee, have signaled a readiness to implement stabilization measures if the volatility persists, as stated in a CNBC interview. Similarly, Japan's top currency diplomat, Masato Kanda, stated that Japan would not rule out any options to address these FX movements and reaffirmed the G7 commitment to forex stability. The finance ministers of the U.S., South Korea, and Japan have acknowledged the sharp declines in the won and the yen, and have pledged to take appropriate action. This commitment was reaffirmed by G-7 finance ministers, emphasizing the importance of stability in the forex market.
Japan’s top currency official Masato Kanda flagged in Washington a reaffirmation of existing currency commitments by G-7 finance ministers https://t.co/lc2lqr9j9r
US Nods to ‘Serious’ Japan, S.Korea Concerns over Slumping Currencies https://t.co/MXOVqObF4l
JAPAN'S TOP CURRENCY DIPLOMAT KANDA NOTES JAPAN AND SOUTH KOREA'S SIMILAR SITUATION: PAYING FOR IMPORTS MOSTLY VIA DOLLAR MAKES THEM PRONE TO FX VOLATILITY.
Japan Currency Chief Kanda: Excessive FX Moves Harm Economy, G7 Confirms
JAPAN'S TOP CURRENCY DIPLOMAT KANDA RECONFIRMS G7 COMMITMENT TO FOREX FOLLOWING JAPAN'S STANCE
U.S., Japan, South Korea finance chiefs share concern for weak yen, won https://t.co/CrNcuOshcj
JAPAN'S KANDA: WE WON'T RULE OUT ANY OPTIONS IN DEALING WITH FX MOVES
SOUTH KOREA STATEMENT: FINANCE MINISTERS OF US, SOUTH KOREA AND JAPAN ACKNOWLEDGED SERIOUS CONCERNS ABOUT RECENT SHARP DECLINES IN THE WON AND THE YEN.
Seoul, Tokyo vow 'appropriate action' on weak yen and won: South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme… https://t.co/ACwb51Z4l8 #japannews #japantoday
Seoul, Tokyo vow ‘appropriate action’ on weak yen and won https://t.co/ETds452GiV
South Korea, Japan signal readiness to respond to excessive FX volatility https://t.co/Y0cnCx0CPj
S.KOREA CENTRAL BANK GOVERNOR RHEE SAYS RECENT FX MOVES EXCESSIVE, READY TO DEPLOY MEASURES TO STABILIZE IF VOLATILITY CONTINUES -RHEE AT CNBC INTERVIEW
S.KOREA https://t.co/uuSk61aHqj GOVERNOR RHEE: RECENT FOREIGN EXCHANGE MOVES EXCESSIVE, PREPARED TO IMPLEMENT MEASURES TO STABILIZE IF VOLATILITY CONTINUES
S.KOREA FX AUTHORITY: CLOSELY MONITORING FX MARKET WITH CAUTION ON CURRENCY MOVEMENT, SUPPLY AND DEMAND