G7 Communique: No Room For Complacency, Monitoring Forex ISTANBUL -(Dow Jones)- Finance ministers and central bank governors from the Group of Seven advanced economies said Saturday there was no room for complacency in contrasting the deepest recession in decades and promised to "keep in place our support measures until recovery is assured." Noting that "prospects for growth remain fragile and labor market conditions are not yet improving," the officials said in an official communique that they would bolster international financial organizations such as the International Monetary Fund. They said they would "continue to monitor (foreign) exchange markets closely," repeating language used when they last met in April. They also noted they "welcome China's continued commitment to move to a more flexible exchange rate, which should lead to continued appreciation of the Renminbi in effective terms." Such a trend would help promote more balanced growth in both China and the world economy, the communique said.
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