Policymakers' quotes at G20 summit in Moscow

 

QUOTES AT END OF SUMMIT

CANADIAN FINANCE MINISTER JIM FLAHERTY

"The mood quite clearly early on was that we needed desperately to avoid protectionist measures and that the G20 stands firmly against protectionism and against manipulation of exchange rates. So that mood permeated quite quickly."

On how to tell whether a country's monetary policy is targeting exchange rates: "It's quite difficult to gauge that."

JAPANESE FINANCE MINISTER TARO ASO

"I have explained that (Prime Minister Shinzo) Abe's administration is doing its utmost to escape from deflation and we have gained a certain understanding (at G20).

"We're confident that if Japan revives its own economy that would certainly affect world economy as well. We gained understanding on this point."

FRENCH FINANCE MINISTER PIERRE MOSCOVICI

"The economic slowdown in Europe as a whole means that we should avoid adding austerity to the recession. We Must keep a medium-term orientation ... commitment must be maintained and at the same time avoid a recession spiral of austerity that prevents us from keeping medium-term financial goals."

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