"We will avoid competitive devaluation, we won't be against us the purpose of the exchange rate of competitiveness," twenty countries group financial leaders said on Friday and Saturday in the closing ceremony speech, after meeting in Moscow.
But just is super easy monetary policy, the United States federal reserve board and the bank of Japan, aims to help domestic economic growth, down the dollar and yen competitive devaluation caused the whole debate.
This trend is not impossible to change, China and other major emerging markets, the rapid warned against something in Moscow.
Federal reserve chairman Ben Bernanke (Ben Bernanke) said last Friday, "the United States policy tool to promote domestic target".
Tokyo and insist that the bank of Japan began to an unlimited commitment to buy government bonds, pure is in order to help the economic contraction out of recession.
The G20 agreed to have such a policy what's wrong.
But the currency devaluation, whether intentionally or just one side, the influence of monetary policy is still a devaluation. Call it competition or other way just label move behind the intention.
The Canadian finance minister Jim Flaherty, ask G20 talks how to identify whether the purpose of monetary policy is to stimulate the economy, or specialized rate said: "to measure, this is quite difficult.
Although Japan insists that neither this week's G20 G7 or foreign currency statements in any way need to change the policy of viscosity, anonymous, said after the face before, the goal of Tokyo.
Perhaps angered the group of seven rich power, especially in Japan's policy SLATE, can promote world economic recovery, but some specific level of Japanese officials the yen's statement.
, "New York Mellon bank in London's currency strategists Neil Mellor said," the market will take the approval, it has been being do in the G20 statement - sales of the yen. "No condemn Japan means they will be shut down money printing machine".
G20 agreed that financial market should be set currency exchange rate did not provide aid to countries such as Brazil, the relative higher interest rates to attract funds from low interest rates of the countries, such as the United States, with its currency appreciation pressure, make its exports more expensive.
The European central bank vice President because Stan Western Europe said G20 commitment to avoid competitive devaluation speed rate fluctuation more work to do.
"It all to do too much of a sudden change in the exchange rate, keep avoid rate just in a direction - of course will be the questions and will discuss," kang Stan theo told a news conference after the talks.
Although the G20 officials desalination talking about "money war" - by Brazil proposed a term - the international monetary fund (IMF) chief cristina raja DE said, they are "money worries," officials privately say they expect rate back to put on the agenda to a lot of meetings.
"Twenty countries group must consult the permanent rate what happened, because it is a common benefits, any disordered change remains to be discussed, kang Stan theo said."
 



Other News:
G20 promises unlikely to end devaluation debate
Tax Tattlers Snag $125 Million
Carnival cancels 12 more cruises on troubled ship
Pakistani governor criticizes security forces after bombing
Guantanamo warden says he didn't know about microphones in meeting rooms
Buffett, Brazil's 3G team up for $23 billion Heinz buyout
two Russian Tu-95 bombers flew over Guam and the United States F-15 interceptor
U.S. challenges accused mobster Bulger's immunity defense