Korea ’ s Deputy Prime Minster and concurrent Finance and Economy Minister Kwon O - kyu warned the dangers of yen - carry trade and the weakened yen , which could hurt the international financial market . Deputy Prime Minister Kwon stated in the “ 14 th APEC Finance Ministers ’ Meeting ” held at Coolum , Australia from August 2 to 3 , “ Despite Japan ’ s economic recovery and current account surplus , excessive yen - carry trading is weakening the Japanese yen which runs counter to the fundamental economic conditions . ” He added , “ Such phenomenon intensifies global imbalance and acts as an uncertainty factor on the international financial market . ” Kwon also stressed during an interview with a major local press , “ Extreme yen - carry trading and imbalanced hard currency could negatively affect the world ’ s economy . ” Previously in May during the Asia Development Bank ’ s “ Annual Meeting of the Board of Governors , ” DPM Kwon had criticized that “ The current weak yen runs against the basic principles of economy . ” Meanwhile , Kwon met with the U . S . Deputy Finance Minister Robert Kimmitt during the meeting and agreed to make utmost efforts for swift ratification of the National Assembly on KORUS FTA . Korea ’ s Finance and Economy Minister also met with Japan ’ s Finance Minister Omi Koji to request cooperation in winning the bid for EXPO Yeosu . [ Dong - eun Lee / KHS ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]