G20 finance chiefs share global inflation concerns from Middle East crisis

Finance ministers and central bank governors from the Group of 20 major economies shared concerns Thursday over mounting global inflationary pressures as prolonged turmoil in the Middle East drives up energy prices.In a meeting in Bangkok, they discussed central banks' efforts to curb inflation through interest rate hikes and reaffirmed the importance of stability in currency markets."Japan needs to closely monitor the foreign exchange market," Finance Minister Satsuki Katayama told reporters after attending the G20 meeting.Japan was represented at the meeting by Katayama and Bank of Japan …READ FULL ARTICLE