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"We conducted a currency intervention to check excessive volatility in currency markets," Yoshihiko Noda, the finance minister, said Wednesday.
Sarkozy assumed his role as head of the G20 during a period of excessive volatility in global capital markets that continues to this day.
"We conducted a currency intervention to check excessive volatility in currency markets," Finance Minister Yoshihiko Noda told reporters in Tokyo on Wednesday.
Given the excessive volatility in the market as a whole and the wide swings characteristic of semiconductor stocks in particular, it would take a person of great confidence to make such a trade.
Finance ministers from the world's seven wealthiest nations issued a joint statement as the Tokyo market sank, saying they were "concerned about the recent excessive volatility in the exchange rate of the yen and its possible adverse implications for economic and financial stability".
Stripped of the code words and elliptical references to "excessive volatility" in exchange rates, the message that Mr. Snow delivered this weekend to finance ministers from Europe and Japan was that the dollar's plunge against the euro is just fine and that the dollar should now decline more rapidly against Asian currencies as well.
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In the joint communiqu�� they issued after the Group of 7 meeting ended in Boca Raton, Fla., on Saturday, the finance ministers declared that "excessive volatility" and "disorderly" movements in exchange rates were bad for economic growth.
We recognize that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability.
We are agreed that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability.
Foreign inflows into Indian equities have remained strong this year despite the excessive volatility and sell-off in emerging markets...
If the fund beats its benchmark without exhibiting unusual risk or excessive volatility, it scores higher in Forbes ETF Advisor's ranking system.
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