The yen slipped against the dollar and euro as investors believed Japan was unlikely to face much criticism of its aggressive monetary easing at a meeting of the Group of 20 countries beginning on Thursday in Washington.
The yen slipped against the dollar and euro as investors believed Japan was unlikely to face much criticism of its aggressive monetary easing at a meeting of the Group of 20 countries beginning on Thursday in Washington.
*Russia also says G-20 should stick to prior currency pledge. WASHINGTON, April 17- A debt-cutting proposal that the world's 20 largest economies plan to agree on later this year will have different targets for countries depending on their economic conditions, Russia's deputy finance minister said on Wednesday.
LONDON, April 17- The yen fell against the dollar on Wednesday, with traders seeing little chance that Japan's G20 peers will make a significant stand against aggressive monetary easing that has hammered the currency. The dollar was up 0.2 percent against the yen at 97.75 yen, although it remained below the four-year high of 99.95 yen set last week.
MEXICO CITY/ WASHINGTON, April 17- Global policymakers will discuss the impact of unprecedented monetary policy easing at meetings in Washington this week along with the softly-softly approach central banks will need to eventually wean the world off super-cheap funds.
NEW YORK, April 17- The euro tumbled against the dollar and yen on Wednesday after comments from a European Central Bank official stoked speculation of an interest rate cut in the euro zone.
TOKYO, April 12- Japan's policy of boosting its economy with aggressive monetary stimulus is likely to win the understanding of major economies at their meeting in Washington next week, its newly appointed top financial diplomat said on Friday.
WASHINGTON, Feb 21- Concerns over the sharp depreciation of the Japanese yen are overstated and the Bank of Japan should act with more resolve to escape deflation that has long plagued its economy, the International Monetary Fund said in a report to the Group of 20 published on Thursday.
WASHINGTON, Feb 21- Concerns over the depreciation of the Japanese yen are overstated and the Bank of Japan should act with more resolve to escape deflation that has long plagued its economy, the International Monetary Fund said in a report to the Group of 20 published on Thursday.
WASHINGTON, Feb 21- Concerns over the sharp depreciation of the Japanese yen are overstated and the Bank of Japan should act more forcefully to reflate its economy, the International Monetary Fund said in a report to the Group of 20 published on Thursday.
Mark Matthews, Head of Research, Asia at Bank Julius Baer said Japan would likely continue expanding its balance sheet whether or not it was criticized by the other G20 leaders. He noted that other central banks such as the Federal Reserve and the Bank of England are doing the same to support their economies.
*Japan escapes direct criticism from G20. "With Japan, as yet, using various measures to ease monetary conditions domestically, we do not expect a large international backlash against its efforts and look for the JPY to continue to decline gradually as the easier monetary conditions feed through into FX," Barclays Capital said in a note to clients.
Federal Reserve or Bank of Japan, aimed at helping their domestic economies to grow, that depressed the dollar and the yen and sparked the whole competitive devaluation debate. That trend is unlikely to change, something China and other key emerging markets were quick to warn against in Moscow.
*Japan escapes criticism over currency policy. "The market will take the G20 statement as an approval for what it has been doing-- selling of the yen," said Neil Mellor, currency strategist at Bank of New York Mellon in London. " No censure of Japan means they will be off to the money printing presses. "
*Japan escapes direct criticism over currency policy. MOSCOW, Feb 16- The Group of 20 nations declared on Saturday there would be no' currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
*Japan escapes direct criticism over currency policy. MOSCOW, Feb 16- The Group of 20 nations declared on Saturday there would be no' currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.