Japan to escape censure over weak yen

Divisions between the world’s leading economies about coping with the rapidly weakening yen look set to prevent any concerted effort to stabilise the Japanese currency at this month’s Group of Seven finance ministers’ meeting in Germany.

But Japanese officials are braced for informal pressure over the depreciating yen at the Essen meeting, even if it is not raised in the final communiqué or discussed formally.

Tokyo’s nerves have been jangled by expressions of concern from senior officials in the US and Europe as the yen has hit 20-year lows in real terms against other major currencies

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