Japan Nukaga: G7 Also Against Excess Forex Moves
TOKYO (Nikkei/Dow Jones)--Japanese Finance Minister Fukushiro Nukaga said Thursday that Japan isn't alone in calling for stability in the foreign exchange markets.
"It's also a shared perception among the G7 that excessive exchange rate moves are undesirable," Nukaga told reporters, referring to the Group of Seven leading industrialized nations.
Nukaga also said he won't comment on specific foreign exchange levels but will be watching the market closely. Nukaga spoke as the dollar plunged below Y101.00 in Asian trading.
(END) Dow Jones Newswires
March 13, 2008 00:34 ET (04:34 GMT)
Copyright 2008 Dow Jones & Company, Inc.
TOKYO (Nikkei/Dow Jones)--Japanese Finance Minister Fukushiro Nukaga said Thursday that Japan isn't alone in calling for stability in the foreign exchange markets.
"It's also a shared perception among the G7 that excessive exchange rate moves are undesirable," Nukaga told reporters, referring to the Group of Seven leading industrialized nations.
Nukaga also said he won't comment on specific foreign exchange levels but will be watching the market closely. Nukaga spoke as the dollar plunged below Y101.00 in Asian trading.
(END) Dow Jones Newswires
March 13, 2008 00:34 ET (04:34 GMT)
Copyright 2008 Dow Jones & Company, Inc.
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