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Markets News

Japan dep finmin Noda wants China to free up yuan

DUNDEE, Scotland, Nov 6 (Reuters) - Japan’s deputy finance minister called for China to run a flexible exchange rate on Friday.

Speaking as he arrived for a meeting of Group of 20 finance ministers in Scotland, Yoshihiko Noda said: “It is desirable that the yuan will be flexible.”

Asked about previous quotes by Japan’s finance minister Hirohisa Fujii about the yen, he said: “Japan has never been in favour of a strong yen.”

He noted, however, that the weekend’s meetings would not aim to deal with currency issues.

Reporting by Tetsushi Kajimoto; writing by Patrick Graham; G20 newsroom

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