South Korea and Japan express concern over weakening currencies vs US dollar and plan to counter excessive exchange rate volatility.

South Korea and Japan have expressed serious concerns over the recent weakening of their currencies against the US dollar and said they will take appropriate steps to counter excessive exchange rate volatility. Both countries are closely monitoring currency movements and have vowed to intervene if needed, as external factors such as the recent appreciation of the US dollar fuel the Korean won's weakness.

April 16, 2024
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