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3 months 1 week ago
Japan's economy minister Akira Amari has said that the Bank of Japan's
bond buying programme is intended to combat deflation, and not to weaken the yen. In mid
January 2013, Japan's central bank signalled the intention to launch an open ended bond buying programme which would likely devalue the yen. Although he
advised that rather than using protectionist measures
which may spark a trade war, a better tactic
would be to use targeted capital controls against China to prevent them buying foreign assets in order to further devalue the yuan, as previously suggested by Daniel Gros,
Director of the Centre for European Policy Studies.
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