Japan calls for vigilance against excessive FX fluctuations at G20

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RIO DE JANEIRO :Japan has warned of the need to be increasingly vigilant to excessive foreign exchange fluctuations driven by speculation at a Group of 20 meeting, top currency diplomat Masato Kanda said on Thursday".

"Japan has said we must respond appropriately based on G20 comittments that excessive currency volatility has a negative impact on the economy and financial stability," Kanda said.

He made the comments during a press conference at the G20 finance ministers and central bank governors meeting in Rio de Janeiro, Brazil.

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Category: EconomyBusiness

Markets: SingaporeBrazilJapan

Topics: Press Conference Masato Central Currency Bank Ministers Kanda Governors Finance Meeting

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 08:10:54 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 211 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21778494

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