Japan’s top currency official Masato Kanda flagged a reaffirmation of existing currency commitments by the finance ministers of Group of Seven nations in Washington, as concern continues to build in Tokyo over the ongoing weakness in the yen. “Reflecting Japan’s stance, the G-7 has reaffirmed its commitments to past G-7 policy responses, including exchange rates,” Kanda said. “The key commitment is the recognition that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability.” The G-7 statement released Wednesday in Washington contained a line ... (full story)