- Prison Planet.com - http://www.prisonplanet.com -
G20 summit to focus on ‘currency war’ threat to economy
Posted By yihan On February 17, 2013 @ 6:15 am In Money Watch | Comments Disabled
The Idependent 
February 17, 2013
Japan’s aggressive attempts to spur on its struggling economy were set to escape censure from the G20 nations today as bickering in Moscow kept alive fears of a “currency war”.
Finance ministers at the G20 gathering are understood to have pulled back from explicit criticism of Japan, whose prime minister Shinzo Abe has embarked on a huge programme of monetary and fiscal stimulus to jump start the world’s third largest economy out of its third recession in five years.
The currency market was thrown into turmoil this week after the G7 – the United States, Japan, Germany, Britain, France, Canada and Italy – issued a joint statement warning against using domestic policy to target currencies.
But the show of unity was immediately shattered by off-the-record briefings against Japan, which needs a weaker yen to help fuel its export-driven economy.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/g20-summit-to-focus-on-currency-war-threat-to-economy.html
URLs in this post:
 The Idependent: http://www.independent.co.uk/news/business/news/g20-summit-to-focus-on-currency-war-threat-to-economy-8497633.html?origin=internalSearch
 Report: Chinese economy will overtake U.S. within four years: http://www.prisonplanet.com/report-chinese-economy-will-overtake-u-s-within-four-years.html
 China overtakes Japan as world’s second-largest economy: http://www.prisonplanet.com/china-overtakes-japan-as-worlds-second-largest-economy.html
 Britain will be the ONLY major economy to fall into recession this year, experts claim: http://www.prisonplanet.com/britain-will-be-the-only-major-economy-to-fall-into-recession-this-year-experts-claim.html
 Dollar supremacy, 1945 story: Sarkozy: http://www.prisonplanet.com/dollar-supremacy-1945-story-sarkozy.html
 Get in line or get out of the eurozone, EU tells Greeks as Cameron warns of ‘global storm’ threat to Britain’s economy: http://www.prisonplanet.com/get-in-line-or-get-out-of-the-eurozone-eu-tells-greeks-as-cameron-warns-of-global-storm-threat-to-britains-economy.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.