-
G7 reaffirms warning against excess currency volatility in nod to Japan
Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a green light to intervene in the market to arrest rapid falls in the yen. The agreement followed new verbal warnings from Japan's top currency diplomat Masato Kanda, who told reporters on Friday that Tokyo was ready to step into the market "any time" to counter speculative yen moves that hurt the economy. "We reaffirm our May 2017 exchange rate commitments," the G7 ministers said in a statement on Saturday after their meeting in Stresa, ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 25, 2024 1:50pm May 25, 2024 1:50pm
- Nabil1144
- Joined May 2024 | Status: Member | 29 Comments
- Comment #2
- Quote
- May 26, 2024 5:14pm May 26, 2024 5:14pm
- edeslu
- | Joined Nov 2020 | Status: Member | 215 Comments
-
- Older Stories
From bnnbloomberg.ca|May 25, 2024Peru’s top economic officials are squabbling over the country’s weak economy. Central bank President Julio Velarde appeared to criticize Finance Minister Jose Arista at a mining ...
From eiu.com|May 25, 2024In EIU’s June 2024 Global Outlook video, head of global forecasting and economics, Tom Rafferty, and global principal economist, Steven Leslie, discuss the US economic outlook. ...
From bnnbloomberg.ca|May 25, 2024China’s outsized role in world trade is alarming global finance chiefs, who are poised to forge a united front in Italy priming their nations to challenge “harmful practices.” A ...
-
- Newer Stories
From youtube.com/bloombergquicktake|May 25, 2024The Biden administration announced new tariffs on an array of Chinese products, including electric vehicles, batteries and solar cells. The measures already have markets ...
From bnnbloomberg.ca|May 25, 2024Money managers became the most bullish on gold in more than four years as prices surged to a fresh record earlier this week. Hedge funds and other large speculators boosted their ...
From home.treasury.gov|May 25, 2024We, the G7 Finance Ministers and Central Bank Governors, met on 23-25 May 2024 in Stresa, Italy. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. ...
- Story Stats
- Posted: May 25, 2024 12:11pm
- Submitted by:Category: Low Impact Breaking NewsComments: 2 / Views: 4,026
- Linked event:
