US, Japan, Korea finance leaders agree to consult on foreign exchange, market developments

WASHINGTON (Reuters) - U.S., Japanese and South Korean finance leaders agreed to consult closely on foreign exchange and market developments in a trilateral meeting on Wednesday, they said in a joint statement issued by the U.S. Treasury Department.

"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," the finance leaders said in the statement.

(Reporting by Paul Grant and Ismail Shakil)