Did Japan Just Spark a Currency War?

Japan’s recent efforts to stimulate its long-moribund economy have led quickly to a notable yen deprecation. Already, the saber rattling of a currency war can be heard loud and clear, particularly in Europe. It’s all bad timing for the global economy and it has Germany, in particular, upset about the potential effects on its booming auto industry, says Wharton finance professor Franklin Allen.

 

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