Japan’s Asakawa: More substantial trade topics like WTO reforms will likely be debated at G20 Osaka summit
|More comments are crossing the wires from the Japanese Vice Minister of Finance for International Affairs Masatsugu Asakawa, with the key headlines found below.
G7, G20 have discussed currency policy many times.
It is widely understood among G7, G20 that BOJ's easy policy is aimed at beating deflation, not at manipulating currency.
Japan's basic stance is that issue of trade, currency policy should not be mixed up.
G7, G20 share common understanding to accept any currency falls driven by monetary policy, as long as monetary policy steps are taken for domestic purposes.
Japan, other major economies have had ultra-easy policy after Lehman crisis which as a result affected exchange-rate moves.
G20 finance leaders discussed impact of trade tension on global economy, more substantial trade topics like WTO reforms will likely be debated at G20 Osaka summit.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.