G7 Finance Ministers Make Shock Announcement That Earlier Statement On Currency Was Misinterpreted

Earlier today, the G7 made a fairly mild comment about how there should be market-based exchange rates. It was a fairly benign statement, that people took to mean that there was no condemnation of the monetary policy moves in Japan that were causing the yen to dive. But wait! In headlines that…

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G7 Finance Ministers Make Shock Announcement That Earlier Statement On Currency Was Misinterpreted