Japan’s Prime Minister Shinzo Abe: countries should avoid competitive devaluation of their currencies

Market news

6 April 2016

Japan’s Prime Minister Shinzo Abe: countries should avoid competitive devaluation of their currencies

Japan's Prime Minister Shinzo Abe said in an interview with The Wall Street Journal on Tuesday that countries should avoid competitive devaluation of their currencies.

"Whatever the circumstances, we must definitely avoid competitive devaluation, and I think we should refrain from arbitrary intervention in currency markets," he said.

Abe added that stability was an important factor for the economy.

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