G20 Set to Dilute Big Powers’ Demands on Currencies

By Jan Strupczewski and Lesley Wroughton

G20 officials will disregard key parts of a currency statement issued this week by the Group of Seven powers, according to a communiqué drafted for finance leaders meeting in Moscow, and will not single out Japan.

A G20 delegate who has seen the draft – put together by deputy finance ministers for their bosses – said it would also make no direct mention of new debt-cutting targets, something Germany is pressing for but which the United States wanted struck out.

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