News links for 8 February 2013
[ismember]Japan fires back at currency critics - FT.com
"In an interview with the Financial Times on Wednesday, Mr Amari rejected Mr Weidmann’s characterisation of the Japanese moves as “alarming infringements” of central bank independence that could lead to “politicisation of the exchange rate”.
“Germany is the country whose exports have benefited most from the euro area’s fixed exchange rate system. He’s not in a position to criticise,” Mr Amari said.
Mr Amari rejected the notion that Japan was trying specifically to weaken the yen, saying its efforts were aimed at reviving the domestic economy and reversing price declines.
“The market is in the process of correcting on its own from an excessively strong yen,” he said. “We aren’t guiding it, we aren’t ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.