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Fri 15 to Sat 16 Feb 2013

G7 may release statement in response to currency war rhetoric

G7 Ministers in 2008

IMF Staff Photograph/Stephen Jaffe

The Group of Seven nations may release a statement in response to the currency war rhetoric that has so far elicited reactions from countries such as France and Germany.

The reactions were triggered by what is perceived as Japan's new aggressively expansionary monetary policy. 

The statement, to be released during the 

G20 Finance Ministers' and Central Bank Governors' Deputies Meeting , is expected to reaffirm the G7's commitment to "market-determined" exchange rates.

uk.reuters.com - G7 expected to release statement to cool currency rhetoric on 2013-11-02

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