Japan just warned the G20 that currency movements require urgent attention.
The yen’s weakness is raising import costs, especially energy.
Here’s the paradox:
Japan supports market-driven exchange rates but also wants the option to intervene.
Where should governments draw the line?
The yen’s weakness is raising import costs, especially energy.
Here’s the paradox:
Japan supports market-driven exchange rates but also wants the option to intervene.
Where should governments draw the line?