U.S.-Japan Shared Goal on Currency Alignment Focus of G-20 Meeting
Dow Jones08-31 15:07
0707 GMT - Japan will likely leverage U.S. influence at the coming Group of 20 industrial and developing nations' meeting to rein in the yen's slide past 160 a dollar, says Nomura Research Institute economist Takahide Kiuchi. Japanese officials may reiterate close alignment with U.S. Treasury Secretary Scott Bessent on currency stability to hint at further joint interventions, he says. "Japan and the U.S. share a common interest in halting dollar strength and yen weakness," Kiuchi says. Both nations are poised to use the G-20 platform to keep currency volatility in check, he adds. The dollar was last trading around 159.85 yen.
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