Aso Says Japan Policy Unopposed at G-20 Meeting as Yen Falls
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Japanese Finance Minister Taro Aso said that Japan’s policies went unopposed at a Group of 20 nations’ meeting in Washington, driving the yen lower in the absence of any roadblock for the nation’s monetary stimulus.
Japan explained that its easing is for price stability, Aso told reporters. Central bank Governor Haruhiko Kuroda earlier said that nations understand Japan’s stance, indicating that he expects no censure. The currency traded at 98.59 per dollar as of 3:04 p.m. in Tokyo, down 0.4 percent.