Japanese and South Korean finance ministers meet, express shared concerns over rapid depreciation of their currencies

Golden Ten Data reported on March 14 that senior finance officials from Japan and South Korea held a meeting in Tokyo on Saturday, expressing shared concerns over the rapid depreciation of both countries' currencies. A joint statement issued at the meeting expressed serious concern about the recent sharp depreciation of the Korean won and the Japanese yen. In addition, against the backdrop of escalating tensions in the Middle East—such as Iran blocking the main oil transportation route, the Strait of Hormuz—Japan and South Korea emphasized the importance of close cooperation to ensure stable energy supplies.