...In a forceful intervention near the end of the conference Mr Swan said much of the talk about "so-called currency wars" was "completely misguided". It "unhelpfully reduced the focus on the G20's critical agenda to boost growth and create jobs".
What other finance ministers thought of as intervention to devalue currencies was more often the byproduct of completely appropriate moves to try and kick-start economies, he said...
...Earlier he had told Bloomberg television the yen's devaluation was ''a matter for the market''. The Japanese approach was "to stimulate their domestic economy. That is also good for the global economy.''... (here)
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