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Updated Monday, September 6, 2010 11:00 pm TWN, By Yoo Choonsik and Rachel Armstrong , South Korea, Reuters

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IMF's Lipsky says moderate world recovery underway

One senior official from a member country, who attended the whole of the meetings, told Reuters there was no discussion about specific currencies or currency issues, although issues related to reducing the global imbalances were a key topic.

“Delegates did not talk about any specific currencies or about a specific level of a currency, but of course they discussed global rebalancing,” said the official, who did not want to be identified.

Japan is grappling with the yen's soaring to 15-year highs against the dollar and policymakers have repeatedly said they could take decisive action on the yen — normally a code phrase for currency intervention.

South Korea will host the Nov. 11-12 summit of G-20 leaders in Seoul, with key issues also including reforming the global financial regulatory framework and drawing up plans to put the world economy on a balanced and sustainable growth path.

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