China's forex policy 'disturbance' to world economy: Utsumi

China's forex policy 'disturbance' to world economy: Utsumi

TOKYO, Japan - Makoto Utsumi, a former Japanese vice minister of finance for international affairs, speaks in a recent interview with Kyodo News. Utsumi said that finance ministers from the Group of Eight nations are likely to engage in heated debate on China's fixed currency system during their meeting in London next week as it represents a ''disturbance'' to the world economy. ''China is forced to buy the U.S. dollar heavily to keep the dollar-peg system, and many of such dollar purchases are sold for the euro and yen as part of efforts to diversify its currency holdings,'' he said. (Kyodo)

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