US, Japan FX row overshadows G7 meeting; leaders eye Brexit threat

The United States issued a fresh warning to Japan against competitive currency devaluation on Saturday, exposing a rift on exchange-rate policy that overshadowed a Group of 7 finance leaders gathering hosted by the Asian nation.

Japan and the United States are at logger-heads over currency policy with Washington saying Tokyo has no justification to intervene in the market to stem yen gains, given the currency's moves remain "orderly". In bilateral talks ahead of the second day of G7 talks in Sendai, Japan on Saturday,.....

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