Economic news
G7 finance leaders reaffirm FX commitment in communique
2022.05.20 15:16
FILE PHOTO: Attendees pose for a family photo during the G7 Summit in Koenigswinter, near Bonn, Germany May 19, 2022. REUTERS/Benjamin Westhoff
KOENIGSWINTER, Germany (Reuters) – The Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their existing commitment on exchange rates, a final communique showed.
Japanese Finance Minister Shunichi Suzuki had told reporters on Thursday Tokyo wanted his G7 counterparts to reaffirm the group’s commitment on exchange-rate policy, as the country struggles to rein in a sharp yen fall that was pushing up import costs.
