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>> BANK OF JAPAN Latest News

JAN 28, 2013 - Zero Hedge

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Policymaker's Guide To Playing The Global Currency Wars

G4+CHF can fight the currency wars longer and more aggressively than small G10 and EM countries can.  However, as Citi's Steven Englander notes, it also takes a lot of depreciation to crowd in a meaningful amount of net exports. His bottom line, GBP, CHF and JPY have a lot further to depreciate.  In principle, the USD can easily fall into this category as well, but right now the USD debate is focused on Fed policy – were it to become clear that balance sheet expansion will end well beyond end-2013, the USD would fall into the category of currency war ‘winners’ as well. Critically, ... Read More

Tags: Policymaker's Guide To Playing The Global Currency Wars,  Bank Of Japan Latest News