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Japan currency: Hendren Global Group - Stock fraud watch

Posted May 11 2013 9:14am 1 Comment

http://www.shelfari.com/groups/103025/discussions/487411/Hendren-Global-Group-St

U.S. sends Japan currency warning as G7 meets

(Reuters) - The United States told  Japan  it would be watching for any sign it was manipulating its currency downward, but Tokyo said it met no resistance to its policies at a meeting of Group of Seven finance ministers which will conclude on Saturday.

As ministers and central bankers met on Friday in a stately home set in rolling countryside 40 miles outside London, differences were also evident over whether to prioritize debt-cutting or promoting economic growth.

U.S. Treasury Secretary Jack Lew said  Japan  had "growth issues" that needed to be dealt with, but that its attempts to stimulate its economy needed to stay within the bounds of international agreements to avoid competitive devaluations.

"I'm just going to refer back to the ground rules and the fact that we've made clear that we'll keep an eye on that," Lew told the CNBC business news channel.

The yen hit a four-year low against the dollar on Friday, beyond the psychologically important 100-yen mark. It also trades at a three-year low against the euro.

The moves were driven in part by Japanese investors shifting into foreign bonds, a move that had been expected since the Bank of Japan unveiled a massive stimulus plan in January.

Tokyo insisted its tumbling yen was not a hot topic at the meeting of finance  chiefs, despite rhetoric about a global currency war.

"Japan took bold monetary and fiscal action to end prolonged deflation, with the government and the Bank of Japan working far more closely together," Japanese Finance Minister Taro Aso told reporters after hours of talks with fellow G7 ministers and central bankers.

"The G7 didn't have a particular problem ... I think Japan's stance is gaining broader understanding," he said.

Policymakers are concerned Japan is engineering an export-led recovery that could hinder other regions' ability to grow.

 

 Tags: stock fraud watch

 

http://www.allvoices.com/contributed-news/14534908-is-hong-kongs-property-bubble

http://a.know-how.fc2.com/en/30835/

http://www.reuters.com/article/2013/05/10/us-g-idUSBRE9490AY20130510

http://www.wattpad.com/16801581-hendren-global-group-stock-fraud-watch?d=ud#.UY3

 

 

Comments (1)
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It has hardly ever been any dissimilar in the history of mankind and this certainly hasn't changed appreciably overtime. Modern technology has simply made it easier for some people to be greedier with more efficiency thus making the economy worthless.
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