| 20 April 2024, Saturday |

Yellen cancels part of trip to Japan after Abe assassination

A Treasury Department official said on Saturday that U.S. Treasury Secretary Janet Yellen has postponed her visit to the Port of Yokohama during her trip to Japan the following week out of respect for the family of the late Japanese Prime Minister Shinzo Abe.

In the western city of Nara, Abe was shot and killed on Friday as he delivered a campaign address on a street corner.

Yellen was scheduled to visit the Port of Yokohama on Tuesday to participate in a roundtable with business leaders, tour the facilities and deliver a speech.

The Treasury official said Yellen’s bilateral meetings in Japan would still take place. She is scheduled to meet with Minister of Finance Suzuki Shunichi on Tuesday.

She will also meet with officials from South Korea and other G20 economies as she seeks to build support for a price cap on Russian oil during the trip to Asia, the Treasury Department said on Friday.

The trip, Yellen’s first visit to the Indo-Pacific region as treasury secretary, comes amid nagging questions about how well a price cap on Russian oil could work absent the support of India and others now buying cheap Russian oil.

  • Reuters