Money Articles

National Review

There Is No World Currency War

March 20, 2013

All this chatter about a so-called global currency war is utter nonsense. All that is happening is the Japanese are wisely taking steps to increase liquidity and depreciate their vastly overpriced yen. They are doing this in order to avoid deeper and deeper deflation. That deflation will sink the Japanese economy for years to come if remedial actions are not taken.

Among all the big economies, none needs quantitative easing more than Japan’s. All the Japanese have done so far is make cheap loans to banks, but with no concerted QE. But QE is coming this spring, when Prime Minster Abe appoints a new Bank of Japan head man.

Keep reading this post . . .

Read entire article on National Review
« Previous Article Next Article »

More From Money Articles

  • Data on Britain's economic recovery held up by Office of National Statistics
  • Work-at-home job scams thrive on economic trouble
  • Liberty beat Sparks 80-68 for 3rd straight win
  • Write a Story/Review about this topic

    Post a Comment

     

    Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE