Merkel Says Japanese Yen, Euro-Area Liquidity Are Concerns
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German Chancellor Angela Merkel said the Japanese government’s call for monetary easing and central-bank cash that’s been unleashed to stem Europe’s debt crisis constitute risks to the global economic recovery.
“I can’t say I’m completely free of worry when I look at Japan right now,” Merkel said today during the World Economic Forum in Davos, Switzerland, when asked if she is concerned about countries’ using exchange-rate manipulation to win global market share. China, meanwhile, has “responded quite a bit” to pressure from other Group of 20 nations to shift its exchange-rate policy, she said.