Japanese Finance Minister Katayama says she told G7 that Japan is watching FX with a sense of urgency
Importance
Level 1
- Says that the private credit and bond market issues will be the main discussions at the G7 Finance leaders' meeting in April.
- Oil prices rises would hurt growth while fuelling inflationary pressures; quite a few G7 bank chiefs said they may have to focus on dealing with inflationary fears.
- Japan made reference to oil, oil futures and FX moves at G7 meeting but there was no agreement amongst the G7, when asked if Japan raised the possibility of intervening in oil futures market.
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