The top economic officials of the United States and Japan have pledged to work together to tackle rising food and energy prices while reiterating their condemnation of Russia’s war in Ukraine.
US Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki on Tuesday said the war had increased exchange rate volatility, posing risks to economic and financial stability.
The two sides pledged to work together on currency issues under their commitments as members of the Group of Seven (G7) and Group of 20 (G20) economic groupings.
“We will continue to consult closely on exchange markets and cooperate as appropriate on currency issues, in line with our G7 and G20 commitments,” the two sides said in a joint statement following their meeting in Tokyo.
The two leaders jointly condemned Russia’s “unprovoked, unjustifiable, and illegal war against Ukraine” and said they would work together to support Kyiv in overcoming its economic challenges.
Source: Aljazeera.com
