Group of 20 defuse ‘currency war’

Group of 20 defuse 'currency war'

Group of Twenty announced that, they will not enter in “currency war” and postponed plans to set new goals to reduce debt in a sign of the concerns about the fragile state of the global economy. And during a statement agreed by the financial policy makers of the Group of Twenty in Moscow to from any criticism of soft monetary policy pursued by Japan, which pushed the yen lower. The group includes advanced and emerging economies together constitute 90% of the global economy.