Japan and South Korea to act against FX volatility

AgenciesJapan and South Korea expressed concern on Saturday about the rapid declines in their currencies, saying they were ready to act against excessive foreign-exchange...

Agencies

Japan and South Korea expressed concern on Saturday about the rapid declines in their currencies, saying they were ready to act against excessive foreign-exchange volatility.

Finance Ministers Satsuki Katayama of Japan and Koo Yun-cheol of South Korea “expressed serious concern over the recent sharp depreciation of the Korean won and the Japanese yen,” they said in a statement after their annual meeting in Tokyo.