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.

1 month ago·Germany

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Reuters

G7 finance leaders reaffirm FX commitment in communique

KOENIGSWINTER, Germany - The Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their existing commitment on exchange rates, a final communique showed. Japanese Finance Minister Shunichi Suzuki had told reporters on Thursday Tokyo wanted his G7 counterparts to reaffirm the group's commitment on exchange-rate policy, as

1 month ago·United Kingdom

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IBTimes

G7 Finance Leaders Reaffirm FX Commitment In Communique

Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their commitment on exchange rates, nodding to Japan's concern over recent sharp declines in the yen. The G7 advanced economies have an agreement that markets ought to determine currency rates, that the group will closely coordinate on currency moves, and that excessive and disorderly exchange-rate moves would hurt growth.

1 month ago·United States

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Channel News Asia

G7 finance leaders reaffirm FX commitment in communique

KOENIGSWINTER, Germany : Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their commitment on exchange rates, nodding to Japan's concern over recent sharp declines in the yen.The G7 advanced economies have an agreement that markets oug

1 month ago·Singapore

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