TOKYO (MNI) – Japanese Finance Minister Koriki Jojima said on
Thursday that top finance policymakers from the Group of Seven major
nations agreed to monitor global economic and financial conditions until
the G20 meeting in Mexico in November.
Jojima said he told his G7 colleagues that it is “important to
share the view that excess volatility and disorderly movements in
exchange rates have adverse implications for economic and financial
stability.”
He also told reporters after a 90-minute meeting of the G7 finance
ministers and central bank governors that the group should “consult
closely” on forex and “cooperate as appropriate,” basically repeating
the G7 agreement reached in September last year.
tkeditorial@marketnews.com
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