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Geithner’s 4% Plan May Be ‘Unworkable’ as APEC Meets

U.S. Treasury Secretary Timothy F. Geithner’s shot to end the “currency war” by pushing for targets to shrink current-account gaps risks failing over the complexity of shifting trade and investment flows.

Geithner may use a Nov. 5-6 meeting of Asia-Pacific Economic Cooperation forum counterparts in Kyoto, Japan, to press his case for current-account deficit or surplus targets of less than 4 percent of gross domestic product. The issue will also likely feature at a Group of 20 summit in Seoul next week.