Japanese Finance Minister Fujii says competitive currency devaluations would ruin the world economy, and he’s right.
Other comments from the official:
- Dollar weakness due to low interest rate policy
- It’s natural to hold strongest currency in Japan’s forex reserves
- Japan’s forex reserves poicy may be supporting dollar
- Although Geithner said dollar should be stronger, reality is it has not strengthened
- Weak yen better for exports, but shouldn’t steer economy by this policy alone
