US & Japan agree to cooperate on economic fallout of Ukraine war

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.

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