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G20 meeting: Japan won't be singled out for currency depreciation
Japan will escape censure by the G20 group of nations meeting in Moscow this weekend despite widespread unease at Tokyo's aggressive intervention into currency markets to drive down the value of the yen. It is understood that pressure from the International Monetary Fund and several prominent G20 members has kept out any reference to Japan's attempts to depress the yen in a communique due to be released on Saturday. A draft communique seen by Reuters suggests that Tokyo would not be singled out for criticism, as had been suggested. An unnamed delegate was quoted as saying: "There wasn't anybody putting Japan on the ... (full story)