Should Japan Loosen Fiscal Policies For the Greater Good?
The U.S., heading into a major summit of advanced economies, is warning that currency intervention by countries such as Japan won’t help the cause of boosting global growth, reinforcing Obama administration pressure on the nation to avoid weakening the yen. President Barack Obama heads to the Group of Seven leaders meeting starting May 26 in Ise-Shima, Japan, as the yen’s almost 10 percent surge this year squeezes the world’s third-largest economy and spurs speculation that Japan may intervene in foreign-exchange markets for the first time since 2011. Berenberg Chief Economist Holger Schmieding discusses with Bloomberg's Anna Edwards on "Countdown."
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