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G-20 seeks to allay fear of currency war ....

 
its on like donkey kong
User ID: 34574573
United States
02/16/2013 10:23 PM
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G-20 seeks to allay fear of currency war ....
[link to touch.latimes.com]

WASHINGTON — Top finance officials of the world's 20 largest economies sought Saturday to allay fear of a currency war, pledging not to target exchange rates to gain a competitive advantage in trade.

But the joint statement, issued at the end of a meeting in Moscow of the so-called Group of 20, or G-20, did not single out any country, essentially giving a pass to Japan to keep pursuing its economic policies despite a significant slide in the value of the yen since November.

Japan's new government under Prime Minister Shinzo Abe, who will meet with President Obama this week in Washington, had been talking down the yen and has pressed its central bank for more expansive monetary stimulus to break out of its deflationary trap and boost the nation's stagnant economy. A cheaper currency helps a country's exporters sell their goods to foreign markets.

Some analysts said they now expect the yen to dip further, a prospect that could stoke contention over exchange rates and present complications for the United States in its long-running efforts to influence China to make more rapid adjustments in its currency.
gomja'bar

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02/16/2013 10:25 PM

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Re: G-20 seeks to allay fear of currency war ....
it's on like shit on the shingle man. like thunder on lightnin.
howdy
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Canada
02/16/2013 10:27 PM
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Re: G-20 seeks to allay fear of currency war ....
when they tell you not to panic that's when you panic - 2012 movie quote


they're telling you what there doing just switch the

NO RISK OF

and Absolutely NOT



to SERIOUS RISK OF



ABSOLUTE CHANCE OF


and you got you answer on whats about to happen


hidinghidinghiding
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02/17/2013 06:40 AM
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Re: G-20 seeks to allay fear of currency war ....
G20 summit to focus on 'currency war' threat to economy

"The United States, Japan, Germany, Britain, France, Canada and Italy – issued a joint statement warning against using domestic policy to target currencies."

The United States warned? Really? Did they keep a straight face while issuing this warning?





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