RIO DE JANEIRO : Japan sees the reaffirmation in the latest G20 joint statement of existing commitments against excessive foreign exchange volatility as one of the major achievements, Finance Minister Shunichi Suzuki said on Friday.
FILE PHOTO: Japanese Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and Korean Finance Minister Choi Sang-mok on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024. REUTERS/Kevin Lamarque/File Photo
The commitments say G20 countries recognize that excessive volatility or disorderly movements in exchange rates can have adverse implications for economic and financial stability.
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