G20 currency language ensures countries won't resort to currency intervention: Aso

April 8, 2021 11:43 PM EDT

FILE PHOTO: Japan's Deputy Prime Minister and Finance Minister Taro Aso, wearing a protective face mask, delivers his policy speech at the opening of an ordinary session of the parliament in Tokyo, Japan January 18, 2021. REUTERS/Issei Kato

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

TOKYO (Reuters) - A recent clarification to the Group of 20 major economies' stance on currency rates ensures that countries won't resort to currency intervention for competitiveness and there was no change to its stance despite the tweaks to its foreign exchange language, Japanese Finance Minister Taro Aso said.

Aso was speaking to reporters on Friday after a cabinet meeting.

(Reporting by Tetsushi Kajimoto; Editing by Christian Schmollinger)

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories