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G-7 countries worried about Japanese currency

G-7 countries worried about Japanese currency

The world's leading industrial countries are worried about the recent sharp rise in the value of the Japanese currency.
The financial ministers and central bank presidents of the Group of Seven major industrial countries issued a joint statement late Sunday in which they expressed their concern about the recent excessive volatility of the yen.
The yen rose to a 13-year high against the dollar trading on Friday, raising concerns in Japan that it could harm its exports of cars and other products because they will now cost more in U.S. markets.


Updated : 2021-05-15 23:41 GMT+08:00