Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, March 9, 1990 TAG: 9003091766
SECTION: BUSINESS PAGE: B5 EDITION: METRO
SOURCE: Associated Press
DATELINE: WASHINGTON LENGTH: Short
The special talks involving the United States, Japan, West Germany, Britain, France, Italy and Canada were seen as an effort to strengthen economic coordination among the major industrial countries at a time of dramatic change in world affairs.
Treasury Secretary Nicholas Brady, who was instrumental in scheduling the meeting, insisted there was no "special urgency" for the gathering of finance ministers and central bank presidents of the seven countries. The talks are scheduled for April 7.
However, the discussions will occur just one month before these officials were scheduled to meet for a regular economic review session in conjunction with the spring meeting of the International Monetary Fund in Washington.
Currency markets have been especially volatile in recent weeks, with the West German mark and the Japanese yen falling in price while the U.S. dollar has strengthened in value. Private economists predicted that the dollar's strength and the corresponding weakness of the yen and the mark would be a key topic of discussion at the meeting.
by CNB