The G7 finance reaffirms its commitment on foreign exchange

KÖNIGSWINTER, Germany, May 20 (Reuters) – G7 finance ministers vowed to closely monitor market developments in light of the recent increase in volatility and reaffirmed their earlier commitment on exchange rates , shows the final communiqué of their meeting published on Friday.

Japanese Minister Shunichi Suzuki told reporters on Thursday that Tokyo wanted its Group of Seven partners to renew their common exchange rate commitment as his country struggled to stem the fall in the yen, which is helping to boost foreign exchange rates. prices of raw materials and imported products.

(Report Leika Kihara and Francesco Canepa, French version Marc Angrand)

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