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© (c) Copyright Thomson Reuters 2016.Japan faces struggle to overcome G-7 rift on yen, fiscal policy
By Leika Kihara and Tetsushi Kajimoto TOKYO©2024 GPlusMedia Inc.
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carpboy
“It’s just a way to say you did something when you did very little,”
Unique hospitality and a perfect mantra for the hosts themselves on so many fronts
smithinjapan
A long-winded way of saying "please cooperate when we manipulate the yen again and ask no one else to do the same. Excuse me. Thank you."
Citizen2012
It is not the yen but Abe''s politics in general which is struggling Japanese.
iamme
"Exchange rate stability". Ha. Unless another country has policies that are directly targeting an exchange rate, Japan really doesn't have a reason to manipulate the yen.
fxgai
By definition, floating exchange rates are not stable, and the instability has only been exacerbated by decisions made by central planners. (You can't have your central bank increase the monetary base by a fifth of GDP per annum and expect stability to be a result.)
In Aso's definition of "exchange rate stability", it seems a crashing yen is acceptable, but any significant partial unwind of that is not. Despite it being primarily central planners' actions that crashed the yen in the first place.