Joint statement by finance ministers of Japan and United States: Reaffirming that exchange rates should be determined by the market.

The U.S. Department of the Treasury and the Japanese Ministry of Finance issued a joint statement agreeing to continue discussions on foreign exchange issues and confirming that they will avoid manipulating exchange rates. Japan and the United States agree not to manipulate currencies to gain a competitive advantage and commit to publicly disclose any foreign exchange intervention operations at least once a month.