Currency Issues Dominate G-7 Meeting This Month

摘要

The recent meeting of G-7 finance ministers held in Washington have been dominated by currency issues, particularly the falling value of the Japanese yen and the level of the Chinese yuan.rnThe weakening Japanese currency is causing consternation in European capitals, where finance chiefs are worried that the yen-euro exchange rate is penalizing eurozone exporters.rnThe issue of the "carry trade," one of the reasons for the yen weakness, figured at the last meeting of the Group of Seven finance chiefs in Essen, Germany in early February.