G-7
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Asia Expert: Despite the G-7 Intervention, Japanese Banking Crisis is Inevitable
The United States and Canada today (Friday) joined other Group of Seven (G-7) nations to intervene as a means of weakening the Japanese yen in an effort to help Japan deal with last week's catastrophic earthquake and tsunami. This G-7 intervention is a substantial development, although there are precious few details, since none of the […]
IMF Warns of Slower Growth As Currency War Rages On
Meetings of the Group of Seven (G-7) countries in Washington this week could feature a clash of views that have sparked an international currency war even as the International Monetary Fund (IMF) warned that growth in developed economies is slowing.
The conflict represents a fundamental disagreement about how to sustain the global economic recovery among countries that prefer flexible exchange rates like the United States, and others that are resisting calls to allow its currency to appreciate, like China.
A renewed push for easier monetary policy came as the IMF warned growth in advanced economies is falling short of its forecasts.
The conflict represents a fundamental disagreement about how to sustain the global economic recovery among countries that prefer flexible exchange rates like the United States, and others that are resisting calls to allow its currency to appreciate, like China.
A renewed push for easier monetary policy came as the IMF warned growth in advanced economies is falling short of its forecasts.
Arctic Chill Frames Divergence in G-7 Economic Policies at Canada Meet
In between bites of seal meat and dogsled races, the financial heads of the Group of Seven (G-7) countries met near the Arctic Circle in Canada last weekend to hammer out differences in how their respective countries will approach monetary policy as the economic recovery takes hold. Windchill temperatures hovered around -40°C in Iqaluit, just […]