[Joint Statement by U.S. and Japanese Finance Ministers Reaffirms No Intervention in Exchange Rates for Competitive Purposes] The finance ministers of Japan and the United States issued a joint statement, stating that the U.S. Department of the Treasury and Japan's Ministry of Finance have agreed to continue close consultations on macroeconomic and foreign exchange matters. They reaffirmed that exchange rates should be determined by the market and that disorderly fluctuations in exchange rates could negatively impact economic and financial stability. They reiterated their commitment, under the provisions of the International Monetary Fund's Articles of Agreement, to avoid manipulating exchange rates or the international monetary system. They also reaffirmed the G7 commitment that fiscal and monetary policies will continue to aim at achieving respective domestic objectives, rather than intervening in exchange rates for competitive purposes. The joint statement by the U.S. and Japanese finance ministers also pledged to publicly disclose any foreign exchange intervention operations at least once a month.