(Bloomberg) -- Currency ``flexibility'' is needed to
reduce imbalances in the global economy, Asia-Pacific finance
ministers said today.
South Korean Finance Minister Kwon Okyu stepped up pressure
on Japan over the low value of the yen, which he says is
``deepening global imbalances.'' U.S. Treasury Secretary Henry
Paulson, in Beijing this week, is facing demands from members of
Congress to compel China to allow faster gains in the yuan.
Read more at Bloomberg Currencies News
reduce imbalances in the global economy, Asia-Pacific finance
ministers said today.
South Korean Finance Minister Kwon Okyu stepped up pressure
on Japan over the low value of the yen, which he says is
``deepening global imbalances.'' U.S. Treasury Secretary Henry
Paulson, in Beijing this week, is facing demands from members of
Congress to compel China to allow faster gains in the yuan.
Read more at Bloomberg Currencies News
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