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MAR 27, 2013 - Business Insider

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GOLDMAN: There Is No 'Currency War' Going On, And What Is Happening Is Good For Everyone

Yesterday Ford CEO Alan Mulally said he was concerned about the weakness in the Japanese yen, the implication being that the diving currency is giving an advantage to competitors who can sell for less. This story is part of a broader meme, that there's a "currency war" going on, as various countries and their central banks attempt to manipulate their currency lower to boost exports. Since not everyone can be an exporter (exports are someone else's imports) and total global net exports always equal zero, the argument made by some is that the currency war is a zero-sum game that ultimately ... Read More

Tags: GOLDMAN: There Is No 'Currency War' Going On, And What Is Happening Is Good For Everyone,  Bank Of Japan Latest News