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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan's Aso backs dollar-centred currency system AFP - Sunday, November 16 WASHINGTON (AFP) - - Japanese Prime Minister Taro Aso on Saturday voiced his support for the dollar-centered currency system despite growing concern about the troubled global financial mechanism. "We should firmly maintain the dollar-centered currency system," Aso was quoted by a Japanese government official as telling a global summit on the world financial crisis. "There is a voice questioning if it's stable for the US dollar of the world's largest debt country to continue to be a key currency," Aso said. "But our prime minister stressed that no currency but the dollar can be used as a key currency," the government official told reporters. Ahead of the summit, French President Nicolas Sarkozy said the US dollar can no longer claim to be the sole world currency, saying: "We cannot continue into the 21st century with a system (established) in the 20th century." Since the end of World War II, the US dollar has effectively been the world's reserve currency, used across the board and thereby giving the United States immense influence in the global economic system. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy World leaders agree action plan for reform, global growthAFP - 59 minutes ago UAW leader says blame economy for Detroit 3 woesAP - Sunday, November 16 Japan's Aso backs dollar-centred currency systemAFP - Sunday, November 16 G20 leaders agree reform action plan, pledge to boost growthAFP - Sunday, November 16 Related Articles: Business GM lobbying hard for U.S. bailout -Wall St JournalReuters - 55 minutes ago World leaders agree action plan for reform, global growthAFP - 59 minutes ago G20 leaders call for Doha breakthrough by year endReuters - 1 hour 43 minutes ago EU faces recession threatAP - 2 hours 36 minutes ago UAW leader says blame economy for Detroit 3 woesAP - Sunday, November 16 Enlarge Photo Japan's Aso backs dollar-centred currency system Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Obama rumored to favor Clinton as top diplomat Bin Laden is isolated, focused on his own security: CIA Earth would be heading to a freeze without CO2 emissions Ancient 4,300-year-old pyramid discovered in Egypt US space-funeral company plans to launch lunar cemetery View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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