SKorea and Japan Pledge Currency Coordination
South Korea and Japan have agreed to maintain close communication following a rare joint currency intervention. Senior economic officials met in Tokyo to discuss policy responses and global macroeconomic risks.
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South Korea and Japan pledged to maintain close FX coordination on Friday morning, following a rare joint currency intervention last month. The bilateral talks in Tokyo follow aggressive policy steps to stabilize local exchange rates against the USD/JPY. Both central ministries are navigating persistent macroeconomic pressures driven by United States monetary policy cycles.
