Japanese controversial US on currency market
5/24/2016 0:00
[rtl] Sendai ( Reuters ) -
The United States sent a new warning to Japan because of its intervention in thecurrency market to cast the dispute between the two countries over exchange rates overshadowed the meeting of finance ministers of the Group of Seven.
There is a dispute between Japan and the United States on policies relating to currency, as Washington says: The Tokyo market intervention to curb the yen is unjustified gains has long been accustomed currency movements.
the back of the dispute to the public at a meeting of finance ministers from the Group ofseven in Sendai in northeastern Japan, said US Treasury Secretary Jack if: he did not see something out of the ordinary in the yen moves at the moment, following a bilateral meeting with counterpart Aliapana.osrah if reporters he «it is important that not only the reluctance to devalue the currency in order to compete procedures but also on the need to communicate the Group of seven agreement so as not to surprise each other.»
said Japanese Finance Minister Taro Aso: it has not been « discussions garrison »on theyen as if that there are differences in how to assess the movements of exchange rates between the states is normal.
However , the meeting with Lu did not stop him from warnings to the market of the yen 's rise a lot.
He Aso told him (if) that currency movements in recent mono side and reflect the speculation , adding that the yen gains in recent weeks , unusual.
while Aso said that his counterparts in the Group of seven stressed the importance ofexchange rate stability, did not get Japan on public support of the rest of the group members for their intervention to contain the yen 's rise «unilateral».
Michel said Sabine Finance Minister of France, following the conclusion of the Group ofseven meeting: «There is a consensus that monetary policy is appropriate and there isno significant variation between currencies so you do not need to intervene[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=116816
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