Global finance chiefs signaled Japan has scope to keepstimulating its stagnant economy as long as policy makers ceasepublicly advocating a sliding yen.

The message was delivered at weekend talks of finance ministersand central bankers from the Group of 20 in Moscow. While theypledged not “to target our exchange rates for competitivepurposes,” Japan wasn't singled out for allowing the yen to dropand won backing for its push to beat deflation.

“There was no censure of the Japanese attitude, which wasconsidered a policy to develop its economy and not to intentionallydevalue,” Brazilian Finance Minister Guido Mantega told reportersafter the meeting.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.