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1/14/2011

Japan Noda: to actively join FX debate at G20

Jan 14 (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Friday that Japan is ready to act decisively against rapid currency moves and that he would actively join the debate on currencies at a G20 meeting of finance ministers and central bankers next month.

"I expect debate on the global economy including currencies and I'd like to actively participate in the discussion," Noda told a news conference after a cabinet meeting, referring to the upcoming G20 meeting.

Prime Minister Naoto Kan
revamped his cabinet on Friday to cope with a divided parliament and tackle reforms to rein in public debt, but his ruling Democratic Party of Japan remain divided over policy and hurdles to success are high.

Source: http://www.reuters.com

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