South Korea’s Hyun Says Yen Bigger Issue Than North Korea

South Korean Finance Minister Hyun Oh Seok said Japan’s weakening yen is hurting his country’s economy more than North Korean threats, an example of a “spillover” that merits discussion.

“Japan’s economic policies are doing their part to help the world economy recover,” Hyun said yesterday in an interview in Washington before a meeting of Group of 20 finance chiefs. “But if this causes problems, and then the problems cause new responses from partnering nations, for example a currency war, the world economy will have a hard time,”