(Bloomberg) -- South Korea and New Zealand are
concerned that the yen's decline will hurt global financial
markets and suggest preemptive action to reduce the shock of an
unwinding of carry trades.
Both countries are worried about the yen's ``persistent
weakness'' as investors borrow the Japanese currency to buy
higher-yielding assets, South Korea's Ministry of Finance and
Economy said in a statement issued after a meeting in Seoul. Hur
Kyung Wook, head of the ministry's international bureau, met his
New Zealand counterpart Colin Hall today.
Read more at Bloomberg Currencies News
concerned that the yen's decline will hurt global financial
markets and suggest preemptive action to reduce the shock of an
unwinding of carry trades.
Both countries are worried about the yen's ``persistent
weakness'' as investors borrow the Japanese currency to buy
higher-yielding assets, South Korea's Ministry of Finance and
Economy said in a statement issued after a meeting in Seoul. Hur
Kyung Wook, head of the ministry's international bureau, met his
New Zealand counterpart Colin Hall today.
Read more at Bloomberg Currencies News
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