Japanese Finance Minister Taro Aso: Japan will not devaluate its currency

Market news

23 May 2016

Japanese Finance Minister Taro Aso: Japan will not devaluate its currency

Japanese Finance Minister Taro Aso said on Friday that the country would not devaluate its currency.

"Japan is committed to refraining from competitive devaluation," he said.

Aso noted that "excessive volatility" would have a negative impact on the economy.

Iran’s Deputy Oil Minister Rokneddin Javadi: Iran is not ready to freeze its oil output

The number of active U.S. oil rigs remains unchanged at 318 last week

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