The Business Times
SUBSCRIBERS

Falling yen not an issue at G20 meeting

Lack of resistance suggests currency may fall further

Published Sun, Sep 21, 2014 · 04:00 PM
Share this article.

DESPITE the yen's sharp and continuing drop against the dollar and other major currencies, the issue sparked little comment or controversy among advanced or emerging economies at the Group of Twenty (G20) finance ministers and central bank governors meeting in Cairns, Australia at the weekend.

This opens the way for further falls in the Japanese currency in coming days, dealers say. The yen could fall below 110 to the US dollar quite soon, former senior official at the Bank of Japan, Rei Masunaga, told the Business Times. Japan's former "Mr Yen," Eisuke Sakakibara, has predicted similar falls.

The strong focus at the Cairns meeting was on finding ways to restore global economic growth by further fiscal or monetary moves or by accelerating structural economic…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

New Articles

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here