So even if I take the instance of the 1990s when we were not particularly a very strong economy, we had that big devaluation from 19 to almost 30 and then we stayed steady at about 31-37 to the dollar for a fairly long period of time before we started …
In February, when global economic growth was tepid at best, the G20 examined competitive currency devaluation, with Japan taking center stage because its strategy to reverse 'stagflation' and spur economic growth hinges on the aggressive weakening of …
Many countries, including the United States, have expressed concern that Japan could be deliberately trying to force the yen lower to boost exports and cut imports via "competitive devaluation". But the G20, which includes the United States and Japan …
"The economy was being strangled by the higher Australian dollar, which meant our labour rates were not competitive by global standards, but a falling currency helps restore that competitiveness and I suspect that this is likely to be a goal of the RBA …
In the past, G8 leaders have made comments about “refraining from competitive devaluation of currencies.” Meanwhile, oil prices have been climbing on the rising tensions in Syria, but some analysts have suggested that rally could end because G8 leaders …
Zain noted that the devaluation of the Sudanese pound against the dollar, by 53 per cent in the 12 months to end-March, predominantly reduced group revenue by US$179 million, EBITDA by US$76 million, and net profit by US$44 million. … Revenues in …
"The other problem they will encounter is the accusation, especially by trade partners, that they are indulging in 'competitive devaluation' of their currency." The name of the game is trying to second guess what central banks will do. In the UK this …
The dollar and the currency wars — Here's a pretty good explanation of currency war from Wikipedia – “Currency war, also known as competitive devaluation, is a condition in international affairs where countries compete against each other to achieve a …
During the summit, the fear was expressed that the fall in the value of the yen caused by Mr. Abe's economic policy might trigger a competitive round of currency devaluation. Exports account for only about 15 percent of Japan's gross domestic product.