South Korea, Japan signal readiness to respond to excessive FX volatility
SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent depreciation of their currencies and stood ready to take action against excessive exchange-rate volatility, South Korea's Finance Ministry said in a statement released on Wednesday.In a meeting on Tuesday in Washington, South Korean Finance Minister Choi Sang-mok and his Japanese counterpart, Shunichi Suzuki, said they were ready to deploy measures to stabilize excessive volatility in currency markets, the ministry said.Receding expectations of near-term U.S. interest rate cuts have pushed up the U.S. dollar against many currencies, including the...