Archive for February 16th, 2013

Deeper Analysis

G20 Statement Doesn’t Call Japan a Currency Manipulator

February 16, 2013

A statement released today by Group of Twenty finance ministers and central bank chiefs reiterates general policy principles but, as discovered in earlier leaked drafts, does not sanction the behavior of specific governments, notably the Abe Cabinet in Japan. The paragraph directly dealing with proper currency management (in italics below) asserts that market-determined currency values […] More