U.S., Japan focus on Ukraine war's economic impact

STORY: They said the war had increased exchange rate volatility, which could have adverse implications for economic and financial stability, and pledged to "cooperate as appropriate" on currency issues in line with their commitments as part of the Group of Seven (G7) and Group of 20 economies.

The two leaders also said they were united in their "strong condemnation of Russia's unprovoked, unjustifiable, and illegal war against Ukraine", adding they continued to increase Russia's cost of its war by implementing economic and financial sanctions. Russia has described the invasion of Ukraine "a special military operation."

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