U.S., Japan to address currency, economic impact of Ukraine war

Top finance officials Yellen, Suzuki vow to cooperate in Tokyo meeting

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Japanese Finance Minister Shunichi Suzuki, left, greets his U.S. counterpart, Janet Yellen, in Tokyo on July 12: They agreed to address rising food and energy prices worsened by the Ukraine war. © AP

TOKYO (Reuters) -- U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address rising food and energy prices exacerbated by Russia's war in Ukraine.

They said the war had increased exchange rate volatility, which could have adverse implications for economic and financial stability, and pledged to "cooperate as appropriate" on currency issues in line with their commitments as part of the Group of Seven (G-7) and Group of 20 economies.

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