Monexnews-
At the meeting of the G20 group of countries, the United States declared the commitments in line with the G7 that will still use domestic policy to boost growth and reduce the unemployment rate, as said by the Chairman of The Fed, Ben Bernanke on Friday.
The G7 group consisting of the u.s., Japan, Germany, United Kingdom, France, Canada and Italy had issued a statement earlier that domestic economic policy should not be used to target the exchange rate.
The BOJ Governor, Masaaki Shirakawa defended Tokyo's own monetary easing linked, that such policies are taken to menyetabilkan the domestic economy. While the weakening Yen Japan only reflect reduced risk aversion among global investors.
(Sap)
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