Commitment to Avoid Competitive FX Devaluations Sustains Confidence: Treasury’s Lew By Reuters

CHENGDU, China — U.S. Treasury Secretary Jack Lew stated that commitments from G20 members to avoid competitive currency devaluations have played a crucial role in maintaining economic confidence. This remark came during discussions between Lew and Japanese Finance Minister Taro Aso at the G20 meeting of finance ministers and central bank governors held in Chengdu, China.

In addition, Lew emphasized the necessity of promptly approving and implementing the Trans-Pacific Partnership agreement, as highlighted in a press release detailing their conversation.