G-7 Won’t Target Exchange Rates Amid Currency War Concern

G-7 Won’t Target Exchange Rates Amid Currency War Concern

Kiyoshi Ota/Bloomberg

The yen pared gains versus the dollar after the statement’s release and as Finance Minister Taro Aso said the G-7 acknowledged Japan is not chasing a weaker yen and that its monetary policy is aimed at reversing a decline in prices.