Japan, South Korea share volatile currency concernsReuters, TOKYO and SEOULJapan and South Korea expressed concern on Saturday about rapid declines in their currencies, saying they were ready to act against excessive foreign-exchange volatility. Japanese Minister of Finance Satsuki Katayama and South Korean Minister of Economy and Finance Koo Yun-cheol “expressed serious concern over the sharp depreciation of the Korean won and the Japanese yen,” they said in a statement after their annual meeting in Tokyo. South Korean won, Chinese yuan and Japanese yen notes are seen on US notes in this picture illustration taken in 2015. The greenback is benefiting as traders curb expectations for how much the US Federal Reserve might cut borrowing costs this year in the face of rising inflation concerns. The won breached a psychological barrier of 1,500 won to 1 US dollar this month for the first time since 2009.

Source: Taipei Times March 15, 2026 17:14 UTC