MNI BRIEF:Japan Suzuki, U.S. Yellen To Closely Cooperate On Fx

Japan’s Finance Minister Shunichi Suzuki told reporters on Tuesday that he and U.S. Treasury Secretary Janet Yellen agreed to closely contact with movements of foreign exchange rates and they also agreed to closely cooperate with them in an appropriate manner.

Suzuki also said that they agreed with the view that high volatility of forex rates caused by the Russian’s invasion of Ukraine has had an adverse impact on the stability of forex rates. He told Yellen that Japanese authorities keep close eye on forex moves with a sense of urgency, and later issued a joint statement.

Earlier in the day, Yellen appeared to have met with Bank of Japan Governor Haruhiko Kuroda at the BOJ headquarters in Tokyo to exchange view on global economic and financial conditions. A BOJ spokesman did not confirm and deny the meeting.