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Subject Breaking - Japan ending currency deflation & purchasing of foreign bonds, signaling worldwide inflation woes for indebted nations (like the US)!

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Japan has no plans to buy foreign currency denominated bonds as part of a monetary easing plan, the finance minister said on Tuesday, a sign the government could be stepping back from more controversial proposals to end nearly 20 years of deflation.

Japan avoided direct criticism of Abe’s policies at a Group of 20 summit last week, but worries linger that if Japan’s rhetoric to weaken the yen seems excessive it could spark a wave of competitive currency devaluations that could harm the global economy.

The G20 nations, responding to feverish debate last week about competitive devaluations between the world’s economic powers, said on Saturday there would be no currency war.

[link to www.scmp.com]

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