G20 Sinyalkan No Currency War

JAKARTA, KOMPAS.com - Countries that joined the Group of 20 agreed imply no currency war. This is evident from the results of the meeting of Ministers of Finance and Central Bank G20 in Moscow, Russia, on 15-16 February 2013. In an agreement reached, the G20 does not target the exchange rate to increase competition.


This agreement, according to economist Samuel Securities, Lana Soelistianingsih, Japan does not directly refer to knowingly continue to weaken its currency to the total stimulus worth 2 trillion yen, and by continuing to buy U.S. government debt to strengthen the U.S. dollar.

"A weaker yen to boost the competitiveness of Japanese exports and end deflation in Japan, which has been going on for 15 years," said Lana in Jakarta, Monday (18/02/2013).

Stimulus is expected to raise inflation to 2 percent Japanese. However, according to Lana, the G20 statement does not seem strong enough to make Japan to end its stimulus policy.

Sources: http://bisniskeuangan.kompas.com/read/2013/02/18/08222062/