South Korea says G20 did not endorse Japan easing - Bloomberg

NEW YORK Tue Feb 19, 2013 8:36pm IST

A man walks past in front of the Bank of Japan in Tokyo February 14, 2013. REUTERS/Yuya Shino

A man walks past in front of the Bank of Japan in Tokyo February 14, 2013.

Credit: Reuters/Yuya Shino

Related Topics

Election 2014

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

NEW YORK (Reuters) - South Korea said that while the Group of 20 nations at their meeting last weekend did not single out Japan for monetary and fiscal measures that have weakened the yen, the group did not exactly endorse Japan's quantitative easing policy, which in fact stirred controversy, Bloomberg News reported on Tuesday.

"The message from Moscow should not be understood as that the leaders endorsed Japan's quantitative easing," Choi Hee Nam, a finance ministry director general, told a briefing in South Korea. "The G-20 also didn't officially oppose Japan's policies, but the topic was very controversial."

The yen has fallen more than 20 percent against the Korean won over the last six months, a big boost for Japanese exporters competing against South Korean manufacturers.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Eyeing Role

Eyeing Role

Top economist Jagdish Bhagwati eyes role in Modi government  Full Article 

Election 2014

Election 2014

Breakingviews: Singh wasn’t king, Modi could be  Full Article 

Telecom Sector

Telecom Sector

Japan's NTT DoCoMo to exit India telecoms joint venture - sources  Full Article 

Next Nokia CEO

Next Nokia CEO

Nokia to name Rajeev Suri as next CEO on Tuesday - report  Full Article 

Conspiracy Lawsuit

Conspiracy Lawsuit

Apple, Google agree to pay over $300 million   Full Article 

Stock Split Trend

Stock Split Trend

Trend-setter Apple's stock split could bring out the copycats  Full Article 

Winning Start

Winning Start

Microsoft beats Wall Street on new CEO debut   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage