The G20 Finance Ministers and Central Bank Governors Meeting held in Washington, D.C., in the United States, ended at dawn on the 14th, Japan time after two days of discussions as the yen weakened in the foreign exchange market.
At the G20 meeting, there was a consensus on the problem that many currencies in the foreign exchange market are becoming more volatile, such as the Japanese yen and other currencies depreciating against the dollar due to the impact of the significant interest rate hike in the United States. Each country shared the principle that sudden fluctuations are not desirable.
Furthermore, sharing the concern that monetary tightening to contain inflation could slow down the global economy, he said that the pace of monetary tightening should be adjusted appropriately and take into consideration the circumstances of each country. increase.
Following on from the previous meeting, the adoption of a joint statement was not adopted at this meeting due to conflicts of opinion between Russia and the West over Russia's invasion of Ukraine. The idea of is to be included in the chairman's summary by Indonesia, the chair country.