Japanese Finance Minister Taro Aso: No comment on yen’s recent weakness
|Japanese Finance Minister Taro Aso said on Saturday that Group of 20 nations generally agreed on the need to coordinate in responding to the new coronavirus that emerged in China and has spread globally.
Aso said he did not believe that risks to japan's economy have heightened dramatically but declined comment on recent weakness in the yen. He said almost all the G20 finance leaders gathered in Saudi Arabia on Saturday had mentioned risk from the new coronavirus.
Key notes
- Says don’t think risks to Japan’s economy has heightened dramatically.
- No comment on yen’s recent weakness.
- Told G20 ministers Japan hopes countries with fiscal space take bold fiscal steps.
- Says almost all g20 ministers mentioned risk from coronavirus at today’s meeting.
- Says China’s ambassador to Saudi attended G20 representing Beijing.
- Says G20 members generally agreed on need to coordinate in responding to coronavirus impact.
FX implications
Chart Of The Week: USD/JPY moves in on familiar price acceptance area
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.