URGENT: Japan, U.S. blame Russia war in Ukraine for exchange rate volatility

Politics Economy

Japanese Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen condemned Russia's invasion of Ukraine, saying Tuesday that the war has raised exchange rate volatility. Suzuki and Yellen reaffirmed they would ratchet up pressure on Moscow to deny funds for Russia's military through measures including price caps on oil prices in line with the Group of Seven nations' commitment.

Kyodo News

Kyodo News