http://globaleconomicanalysis.blogspot.com/2011/08/japan-intervenes-yen-plunges-whats-next.html
No major country or central bank wants a strong currency, not Japan, not the ECB, not Brazil, not Bernanke, not the Fed. The central falsehood is that every country and every central bank seems to think they can export their way out of this malaise if only their currencies would sink.
History has proven time and time again that intervention does not work, but that never stops countries from trying.
No major country or central bank wants a strong currency, not Japan, not the ECB, not Brazil, not Bernanke, not the Fed. The central falsehood is that every country and every central bank seems to think they can export their way out of this malaise if only their currencies would sink.
History has proven time and time again that intervention does not work, but that never stops countries from trying.
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