• Kyodo

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Treasury Secretary Jack Lew indicated Wednesday that the United States is closely watching Japan’s monetary easing experiment to ensure it is not aimed at weakening the yen, and that Washington is likewise “vigilant” toward all Group of Seven industrial economies regarding exchange rates.

“It is imperative that all Group of 20 countries follow through on their recent commitment not to target exchange rates for competitive purposes,” Lew said in a speech in Washington.

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