Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

BADEN BADEN, Germany (Reuters) - Japanese Finance Minister Taro Aso said on Friday it was "very important" for the Group of 20 economies to reconfirm its warning that excess currency volatility was undesirable for economic stability.
"I told my G20 counterparts that while the global economy was recovering gradually, downside risks existed so it was important to reconfirm a G20 commitment to use all available tools, individually and collectively, to ensure economic stability," Aso said.
Aso said he also told the G20 finance leaders that Japan was ready to mobilise monetary and fiscal policy tools to end deflation.
On global trade, Aso said he stressed the importance of having "free and fair rules" on global trade, which have brought prosperity to many economies.
Aso made the remarks to reporters after the first day of a two-day gathering of the Group of 20 finance leaders in Baden Baden, Germany.
(Reporting by Leika Kihara; Editing by Chizu Nomiyama)
 
Shoot

Trending News

Facebook face big challenge to prevent future US election meddling

Intel hit with 32 lawsuits over security flaws

Apple promises fix for serious Telugu character bug

GrabOnRent launches operations in Mumbai and Gurgaon

Crypto fall fails to drown initial coin offerings

Kalpnik uses AR & VR to help people 'go' to any place of worship

SpaceX is launching its broadband satellites into orbit this weekend

Unilever threatens to cut back online ads over 'toxic' content

Google hires former Samsung Mobile CTO to coordinate Internet of Things projects

Go-Jek plans India foray in second half of 2018

Pivoting away from Cube brought us to the right route: PayU's Jitendra Gupta

Ola parent to invest Rs 400 crore to boost Foodpanda India logistics & tech

Alibaba plans tighter integration of Paytm Mall with BigBasket & XpressBees

MakeMyTrip posts wider loss in Q3, may revisit OYO strategy

Google fined Rs 135.86 crore by CCI for 'search bias'

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Toyota, Suzuki to produce electric vehicles for India market by 2020

Qualcomm rejects Broadcom's $103 billion offer

Fashion e-tailer Voonik asks staff to forgo 3 months' salary

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities