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Image header Agence Europe
Europe Daily Bulletin No. 9364
Contents Publication in full By article 18 / 32
GENERAL NEWS / (eu) eu/economy

While still cautious about yen, G7 Finance Ministers warn markets about exchange rate fluctuations

Brussels, 12/02/2007 (Agence Europe) - At its meeting in Essen at the weekend, the G7 was cautious, preferring, in its press release, to focus on the Chinese yuan rather than the Japanese yen. Wary of causing too abrupt an adjustment, the finance ministers of the world's seven most industrialised countries did not want to consider the Japanese currency as a separate problem. While criticising the Bank of Japan for not raising its reference rate despite the economic upturn, the Europeans...

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