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Draghi Sees No Currency War as Bank of Japan Boosts Economy

European Central Bank President Mario Draghi indicated support for Japan’s efforts to beat deflation by suggesting they aren’t aimed at weakening the yen.

With Group of 20 finance ministers and central bankers preparing to convene this week in Washington, Draghi said in Amsterdam today that the increased stimulus announced by the Bank of Japan this month is “determined by domestic policy considerations” and that “there is no currency war.”