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4/17/2024 Japan-Republic of Korea-United States Trilateral Ministerial Joint Press Statement | U.S. Department of the Treasury Japan-Republic of Korea-United States Trilateral Ministerial Joint Press Statement April 17, 2024 WASHINGTON – Today, we, the Finance Ministers of Japan, the Republic of Korea, and the United States held our first trilateral meeting in Washington, DC. Our discussion builds on our Trilateral Leadersʼ Summit last August in Camp David, and a irms the importance of our relationship to our own economies and to the global economy. As leading global economies, we seek continued opportunity and prosperity for our peoples, the Indo-Pacific region, and the globe through open and fair economic practices. We will continue to cooperate to promote sustainable economic growth, financial stability, as well as orderly and well-functioning financial markets. We will also continue to 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. Together, we a irm our commitment to utilize and coordinate our respective sanctions tools to impose costs on Russia for its war against Ukraine and target the Democratic Peopleʼs Republic of Koreaʼs (DPRKʼs) weapons program. We strongly condemn the DPRKʼs exports to Russia, as well as Russiaʼs procurement of the DPRKʼs ballistic missiles, in direct violation of relevant UN Security Council Resolutions, and call upon them to immediately cease such activities. We emphasize the importance of collaboration to overcome supply chain vulnerabilities and the possible harm to our economies from non-market economic practices of other countries, including economic coercion and overcapacity in key sectors. We have rea irmed Leadersʼ commitment to mobilize financing for resilient supply chains and will work together to that end, including through the Partnership for Resilient and Inclusive Supplychain Enhancement (RISE). We will continue to work together to evolve the multilateral development banks and strengthen other international financial institutions to better respond to key global challenges. Rea irming the importance of ASEAN and Pacific Island countries, we will combine e orts to strengthen their macroeconomic and financial resilience as well as financial integrity. We welcome the progress in the trilateral collaboration among our https://home.treasury.gov/news/press-releases/jy2264 1/2 4/17/2024 Japan-Republic of Korea-United States Trilateral Ministerial Joint Press Statement | U.S. Department of the Treasury development finance institutions. We will continue sta level engagement to take these forward. These goals demonstrate the ongoing importance and unprecedented strength of this trilateral economic relationship between Japan, the Republic of Korea, and the United States. We will continue cooperation to strengthen our economies and promote global economic prosperity. ### https://home.treasury.gov/news/press-releases/jy2264 2/2
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