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Published 2 years ago

G7 finance leaders reaffirm FX commitment in communique

Summary by Ground News
The G7 advanced economies have an agreement that markets ought to determine currency rates. The agreement gives Tokyo leeway to jawbone, or even intervene directly in the currency market. A weak yen has emerged as a source of concern for Japanese policymakers, as it inflates already rising costs of imported fuels and raw materials.

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