G7 ministers to discuss foreign-exchange rates

FOREIGN-EXCHANGE rates will be a central theme when finance ministers from the Group of Seven rich nations meet in Germany this week, Deputy German Finance Minister Thomas Mirow said yesterday.

“As at every G7 meeting, the issue of exchange rates will play an important role and the yen is an important currency too,” he said in Berlin.

Asked if the weak yen would be the biggest issue at the Essen meeting, he said: “I didn’t say that.”