Japan, U.S. agree to honor G7, G20 forex commitments

Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Jack Lew on Thursday agreed on the importance of all countries to "honor their G7 and G20 exchange-rate commitments," the Treasury Department said. The two, who met in Washington on the sidelines of the Group of 20 finance leaders' gathering, also discussed "developments in Japan's macro-economic policies including fiscal measures," according to a statement issued by the Treasury Department.