Jojima airs yen worries at G-20

JIJI

Finance Minister Koriki Jojima said Sunday that he expressed Japan’s concerns over the yen’s sharp rise during the first-day session of the two-day Group of 20 meeting in Mexico City through Monday.

“I told my G-20 colleagues that the strong yen poses a major downside risk” to the Japanese economy, Jojima said.

He said he explained that Japan will draw up a second round of economic stimulus measures by the end of November and boost efforts to quickly pass a bill that would allow the issuance of deficit-covering bonds.

High on the agenda at the talks among the finance ministers and central bank chiefs of the 20 advanced and emerging economies are the European debt crisis and fiscal concerns in the U.S.