AYLESBURY, England (AP) — Japan convinced its partners in the Group of Seven leading industrial economies Saturday that it was not manipulating its currency as part of a bold attempt to get its economy out of a near two-decade period of stagnation.
At the conclusion of a two-day meeting of leading financial representatives from the G-7 countries — the U.S., Germany, France, Italy, Japan, Canada and the U.K. — host British Treasury chief George Osborne said there was a formal acknowledgement that each member needed to secure their own countries’ growth by balancing austerity measures with growth-enhancing policies. The meeting also agreed on the importance of finding measures to deal with failing banks and working collectively to stop companies and individuals from dodging their tax bills. Continue reading →