Finance ministers and central bankers from the G-7 kicked off meetings in Japan on Friday that could highlight a divide among the club of rich nations over currency policy and how to rev up global growth.
The two days of talks will see host Japan keen to win an endorsement for its position that fiscal stimulus is the way to kick-start the world economy, after a rally in the yen hit the country’s exporters and worsened a slowdown at home.
But Tokyo’s threat of a market intervention to reverse the rally could put it on a collision course with other G-7 nations, including the United States and Germany which have ruled out such moves.
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The two days of talks will see host Japan keen to win an endorsement for its position that fiscal stimulus is the way to kick-start the world economy, after a rally in the yen hit the country’s exporters and worsened a slowdown at home.
But Tokyo’s threat of a market intervention to reverse the rally could put it on a collision course with other G-7 nations, including the United States and Germany which have ruled out such moves.
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