{"id":318523,"date":"2011-03-18T01:14:12","date_gmt":"2011-03-18T01:14:12","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/"},"modified":"2011-03-18T01:14:12","modified_gmt":"2011-03-18T01:14:12","slug":"g7-agrees-on-japanese-yen-action","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/","title":{"rendered":"G7 agrees on Japanese yen action"},"content":{"rendered":"<p><div readability=\"48.6009933775\">\n        \t\t  <span><br \/>\n    <span>17 March 2011<\/span><br \/>\n<span>Last updated at <\/span><span>21:14 ET<\/span><br \/>\n<\/span><\/p>\n<p>Finance ministers from the G7 group of the world&#8217;s richest nations have agreed to step into currency markets in an effort to control volatility in Japan&#8217;s yen. <\/p>\n<p>It is first time since 2000 that G7 countries have jointly intervened in currency markets.<\/p>\n<p>Earlier this week, the yen hit its highest level since the Second World War against the US dollar. <\/p>\n<p>There are fears a strong yen will hamper Japan&#8217;s recovery. <\/p>\n<p>In Asia, on Friday the yen weakened to 81.21 aganist the US dollar after news of the intervention plans. <\/p>\n<p>The G7 said that the member nations would &#8220;join Japan, on March 18, 2011, in concerted intervention in exchange markets&#8221;. <\/p>\n<p>&#8220;As we have long stated, excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability,&#8221; the G7 said in their statement.  <\/p>\n<p>&#8220;We will monitor exchange markets closely and cooperate as appropriate.<\/p>\n<\/p><\/div>\n<\/p>\n<p>Read more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12781534\" title=\"G7 agrees on Japanese yen action\" rel=\"noopener noreferrer\">G7 agrees on Japanese yen action<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 17 March 2011 Last updated at 21:14 ET Finance ministers from the G7 group of the world&#8217;s richest nations have agreed to step into currency markets in an effort to control volatility in Japan&#8217;s yen. It is first time since 2000 that G7 countries have jointly intervened in currency markets. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-318523","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>G7 agrees on Japanese yen action - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"G7 agrees on Japanese yen action - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"17 March 2011 Last updated at 21:14 ET Finance ministers from the G7 group of the world&#039;s richest nations have agreed to step into currency markets in an effort to control volatility in Japan&#039;s yen. It is first time since 2000 that G7 countries have jointly intervened in currency markets.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"G7 agrees on Japanese yen action\",\"datePublished\":\"2011-03-18T01:14:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/\"},\"wordCount\":165,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/\",\"name\":\"G7 agrees on Japanese yen action - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-18T01:14:12+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"G7 agrees on Japanese yen action - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/18\/g7-agrees-on-japanese-yen-action\/","twitter_card":"summary_large_image","twitter_title":"G7 agrees on Japanese yen action - Ghanamma.com","twitter_description":"17 March 2011 Last updated at 21:14 ET Finance ministers from the G7 group of the world's richest nations have agreed to step into currency markets in an effort to control volatility in Japan's yen. 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