U.S. Treasury's Lew stressed need to refrain from FX devaluation in meeting with Japan's Aso
Reuters
Published May 20, 2016 09:00PM ET
Updated May 20, 2016 09:10PM ET
U.S. Treasury's Lew stressed need to refrain from FX devaluation in meeting with Japan's Aso
SENDAI, Japan (Reuters) - U.S. Treasury Secretary Jack Lew told his Japanese counterpart Taro Aso in a meeting on Saturday that it is important to refrain from competitive currency devaluation, according to a statement from the Treasury Department.
Lew, who met Aso earlier on Saturday at a Group of Seven summit in Sendai, northeastern Japan, also underscored the Group of 20 commitment to use all policy tools to promote growth, the statement said.
Lew also reinforced the importance of approving and implementing the Trans-Pacific Partnership trade pact, the statement said.
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Written By: Reuters
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