Japan, China, and South Korea are concerned about the consequences of the Russia-Ukraine conflict.

On this Thursday, Japan, China, and South Korea’s financial leaders passed a joint statement that states, "Advocating prudence in the aftermath of the Russia-Ukraine crisis."

May 12, 2022 - 01:00 PM 315 views

Japan, China, and South Korea are concerned about the consequences of the Russia-Ukraine conflict.

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© Japan, China, and South Korea are concerned about the consequences of the Russia-Ukraine conflict.

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On this Thursday, Japan, China, and South Korea’s financial leaders passed a joint statement that states, "Advocating prudence in the aftermath of the Russia-Ukraine crisis."

Additional Takeaways

We should be aware of the consequences of the Ukraine-Russia war.

We must safeguard against the risks posed by anticipated monetary policy normalization, supply chain disruptions, and rising inflationary pressures.

We are dedicated and committed to taking the necessary measures to support economic stability and a long-period of financial sustainability.

Negative threats to the regional economies could result in high volatility in fiscal markets and capital flows.

The Market Reaction

The joint statement had no immediate impact on market sentiment, as Asian stocks lost ground while the S&P futures remained unchanged for the day.

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