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Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

Reuters  |  BADEN BADEN, Germany 

BADEN BADEN, (Reuters) - Japanese Minister Taro said on Friday it was "very important" for the Group of 20 economies to reconfirm its warning that excess currency volatility was undesirable for economic stability.

"I told my counterparts that while the global economy was recovering gradually, downside risks existed so it was important to reconfirm a commitment to use all available tools, individually and collectively, to ensure economic stability," said.

said he also told the leaders that was ready to mobilise monetary and fiscal policy tools to end deflation.

On global trade, said he stressed the importance of having "free and fair rules" on global trade, which have brought prosperity to many economies.

made the remarks to reporters after the first day of a two-day gathering of the Group of 20 leaders in Baden Baden,

(Reporting by Leika Kihara; Editing by Chizu Nomiyama)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

BADEN BADEN, Germany (Reuters) - Japanese Finance Minister Taro Aso said on Friday it was "very important" for the Group of 20 economies to reconfirm its warning that excess currency volatility was undesirable for economic stability.

BADEN BADEN, (Reuters) - Japanese Minister Taro said on Friday it was "very important" for the Group of 20 economies to reconfirm its warning that excess currency volatility was undesirable for economic stability.

"I told my counterparts that while the global economy was recovering gradually, downside risks existed so it was important to reconfirm a commitment to use all available tools, individually and collectively, to ensure economic stability," said.

said he also told the leaders that was ready to mobilise monetary and fiscal policy tools to end deflation.

On global trade, said he stressed the importance of having "free and fair rules" on global trade, which have brought prosperity to many economies.

made the remarks to reporters after the first day of a two-day gathering of the Group of 20 leaders in Baden Baden,

(Reporting by Leika Kihara; Editing by Chizu Nomiyama)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

BADEN BADEN, (Reuters) - Japanese Minister Taro said on Friday it was "very important" for the Group of 20 economies to reconfirm its warning that excess currency volatility was undesirable for economic stability.

"I told my counterparts that while the global economy was recovering gradually, downside risks existed so it was important to reconfirm a commitment to use all available tools, individually and collectively, to ensure economic stability," said.

said he also told the leaders that was ready to mobilise monetary and fiscal policy tools to end deflation.

On global trade, said he stressed the importance of having "free and fair rules" on global trade, which have brought prosperity to many economies.

made the remarks to reporters after the first day of a two-day gathering of the Group of 20 leaders in Baden Baden,

(Reporting by Leika Kihara; Editing by Chizu Nomiyama)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22