G7 statement

Verbal Support for Weaker Yen, Soft Dollar, and Firm Euro

February 12, 2013

G7 finance ministers and central bankers released a standard statement on FX policy that failed to criticize Japan: “We, the G7 Ministers and Governors, reaffirm our longstanding commitment to market determined exchange rates and to consult closely in regard to actions in foreign exchange markets. We reaffirm that our fiscal and monetary policies have been […] More

Concerted Intervention by G7 Lifts Yen

March 18, 2011

G7 finance ministers and central bankers released a joint statement announcing that Japanese authorities had requested and been granted the help of concerted intervention by the United States, Canada, U.K., and ECB to join Japan in providing intervention support today.  The statement expresses confidence in the “resilience of the Japanese financial sector and economy” and […] More

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