Japan praises G20 reaffirmation of commitments against excessive foreign exchange volatility.

Japan views the G20 reaffirmation of existing commitments against excessive foreign exchange volatility as a significant achievement, according to Finance Minister Shunichi Suzuki. The commitments recognize that excessive volatility in exchange rates can have adverse effects on economic and financial stability. Japan's top currency diplomat Masato Kanda stated that their absence could send a misleading message to the market.