U.S., Japan, South Korea finance chiefs share concern for weak yen, won

WASHINGTON -- Top finance officials from the U.S., Japan and South Korea expressed shared concerns over the recent weakness in the yen and the won at their first trilateral meeting Wednesday, vowing to maintain close communication over volatility in the currency market.

In a statement, U.S. Treasury Secretary Janet Yellen, Japanese Finance Minister Shunichi Suzuki and South Korean Finance Minister Choi Sang-mok said they will "consult closely on foreign exchange market developments in line with our existing G20 commitments, while acknowledging serious concerns of Japan and the Republic of Korea about the recent sharp depreciation of the Japanese yen and the Korean won."