Parag Khanna, Director at Hybrid Reality Institute weighs in on G-20's changing stance and state of China's and Japan's economy going forward.» Read More
MOSCOW, Feb 15- A draft communique prepared for Group of 20 finance leaders omits part of this week's Group of Seven statement declaring fiscal and monetary policy may only be used for domestic economic aims, a G20 delegate said on Friday.
*Russia says G20 communique won't single out Japan on forex. LONDON, Feb 15- The yen hit a two-week high against the euro on Friday on speculation the next Bank of Japan governor may be less inclined to pursue aggressive monetary and amid uncertainty before a G20 summit in Moscow.
*Russia says G20 communique won't single out Japan on forex. LONDON, Feb 15- The yen hit a two-week high against the euro on Friday on speculation the next Bank of Japan governor may be less inclined to pursue aggressive monetary easing and as markets braced for a G20 summit in Moscow.
James P Walsh, senior economist Asia Pacific department at the IMF, emphasizes the importance of infrastructure investments to stimulate growth.
Jacob Frenkel, chairman of JPMorgan Chase International, tells CNBC monetary policy and fiscal policy have exhausted their capabilities and now the key focus should be on structural economic policies.
NEW YORK, Feb 15- The yen fell against the euro and dollar on Friday on expectations that the Group of 20 at its meeting this weekend will avoid targeting Japan over policies that have weakened the yen. The G20 finance leaders are meeting in Moscow beginning later on Friday.
Simon Cox, Asia Economics Editor at The Economist says finance ministers and central banks should be fighting stagnation, not each other. He's joined by Michael Hewson, Senior Market Analyst at CMC Markets who says the weakening yen is justified.
Uwe Parpart, Managing Director, Head of Research at Reorient Financial Markets says Japan has a legitimate case to fight against deflation which will bring down its currency.
MOSCOW, Feb 14- Hosts Russia said on Thursday that Group of 20 finance officials meeting in Moscow would back the thrust of a Group of Seven statement on currencies, but indicated there was still haggling over the final wording.
Roberto Nicastro, general manager of Unicredit, tells CNBC he expects the issue of inconsistent regulation across the countries to be addressed at the G20.
TOKYO, Feb 14- Bank of Japan Governor Masaaki Shirakawa defended the central bank's aggressive monetary expansion, saying it was aimed at reviving the economy not at weakening the yen, as the country came under fresh international criticism ahead of a closely watched G20 gathering.
NEW YORK, Feb 13- The yen ended a volatile trading session little changed on Wednesday as concerns about currency wars and the fallout from mixed messages from the G7 put added focus on a G20 meeting in Moscow later in the week.
NEW YORK, Feb 13- The yen dropped against the dollar and euro in volatile trade on Wednesday, returning to its months-long trajectory, as remarks from Russia's deputy finance minister gave investors the green light to start selling the Japanese currency again.
A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.
LONDON, Feb 13- A $2 trillion economy, a seat at the top table of world powers and a stock market that trades at valuations cheaper than Pakistan- G20 host Russia is still struggling to gain the trust of international capital.
TOKYO, Feb 13- Japan will seek to assure its Group of 20 partners that its push to reflate the economy with aggressive monetary expansion will benefit other nations and outweigh any possible negative effects, the country's top financial diplomat said on Wednesday.
TOKYO, Feb 13- Japan's top financial diplomat said on Wednesday that Tokyo will tell its Group of 20 peers its push to reflate the economy will benefit other nations, brushing aside some concerns about the possible negative impact of its monetary stimulus on emerging economies.
Ksenia Yudaeva, Russia's G20 Coordinator, tells CNBC that currency wars are about transparency and co-ordination of monetary policy between different countries.
NEW YORK, Feb 13- The yen edged higher against the dollar and euro in choppy trade on Wednesday as remarks from government officials were outweighed by cautious positioning ahead of a meeting of finance ministers and central bankers later in the week.
LONDON/ WASHINGTON, Feb 12- The Group of Seven rich nations sought on Tuesday to cool growing tension over exchange rates sparked by weakness in the Japanese yen, but currency markets found the effort lacking in clarity, triggering a second straight day of volatility.