US EditionAsia Finance Leaders Say They Are Ready to Act to Stem Volatility Risks
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Asia finance leaders say they are ready to act to stem volatility risks
Finance leaders from China, Japan, South Korea, and ASEAN nations met in Samarkand. They pledged to watch for excessive financial market volatility. The group will act if necessary to maintain stability. They also committed to open trade and resilient supply chains. Support for a rules-based global trading system was reaffirmed. This meeting occurred during the Asian Development Bank's annual gathering.
[Samarkand, Kyodo] Japanese Finance Minister Satsuki Katayama stated at a press conference following the Japan-China-South Korea-ASEAN Finance Ministers and Central Bank Governors Meeting on the 3rd that "we agreed on the need for regional cooperation. We will work together to diversify supply chains and other areas."
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