G7 nations reaffirm commitment to foreign exchange policy addressing excessive market movements, granting Japan flexibility to defend its currency.
Japan's top currency official, Masato Kanda, confirms G7 nations' reaffirmed commitments to their foreign exchange policy, addressing potential harm from excessive market movements. The G-7 statement acknowledges excessive volatility and disorderly movements in exchange rates can impact economic and financial stability. Japan is granted some flexibility to defend its currency amid dollar strength.
April 17, 2024
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