The finance ministers of Japan and South Korea, Shunichi Suzuki (pictured right) and Choi Sang-mok (pictured left), respectively, agreed on Tuesday to take "appropriate actions" to combat the volatility the yen and the won have been experiencing recently in the foreign exchange market.
According to the statement the South Korean Finance Ministry released, Suzuki and Choi expressed their "serious concerns about the recent sharp depreciation of the Korean won and the Japanese yen" and stressed the need to stay "vigilant" when deciding on the measures required to maintain economic and financial stability.
Furthermore, the two agreed that Japan and South Korea should strengthen their bilateral relations and cooperate more in the economic, financial, and social areas.
