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10 May 2013

Heading to G7, U.S. tells Japan to stick to currency rules

Author: admintech | Filed under: World

The Managing Director of the International Monetary Fund, Christine Lagarde, arrives at the G7 Finance Ministers meeting in Aylesbury, southern EnglandBy David Milliken and Leika Kihara AYLESBURY, England (Reuters) – The United States told Japan on Friday to stick to the rules when it came to the value of its currency, setting the stage for a potentially frank meeting of Group of Seven finance ministers outside London. Treasury Secretary Jack Lew said Japan had "growth issues" that needed to be dealt with but that its attempts to stimulate its economy needed to stay within the bounds of international agreements to avoid competitive devaluations. …

Source: http://news.yahoo.com/yen-slide-focus-g7-finance-chiefs-meet-091010383.html