By the Blouin News Business staff

Posts Tagged: G20

Currency wars are dead; long live the currency wars

by in Asia-Pacific.
Japanese Finance Minister Taro Aso and Bank of Japan Governor Masaaki Shirakawa prepare for a family photo during a meeting of G20 finance ministers in Moscow
Currency warriors. Photo Credit: Reuters/Sergei Karpukhin

One man’s “domestic policy tools to advance domestic objectives” is another’s “international currency wars”. Finance ministers and central bankers from that world’s 20 largest economies may have said at their G20 meeting in Moscow that their countries won’t compete to devalue their currencies to boost exports to goose growth. But intent and outcome are not the same thing.

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