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Japan fails to rally G-7 counterparts on concerted economic stimulus

There is little sympathy too for Tokyo's argument that it needs intervention to curb excess yen volatility

From left: Mr Lew, Mr Osborne, Mr Kuroda and Mr Aso in front of a statue of Date Masamune, the first feudal lord of Sendai, at Sendai Castle. Mr Lew told Mr Aso that the US does not consider recent movements in the foreign exchange market as being "disorderly" and therefore justifying official intervention.


THE global economy "is not in crisis" and does not require a crisis response, US Treasury Secretary Jacob Lew insisted at the close of the weekend G-7 finance minister and central bank governor meeting, summing up the majority view at a gathering which rejected Japan's call for