In response to:

There Is No World Currency War

Timgabz Wrote: Feb 13, 2013 4:32 AM
A currency war is an incredible consideration, not an allegation made by anyone who understands the precarious position the world is in. The situation is more like dozens of countries walking a tight rope together each shifting their balancing poles just to survive....

All this chatter about a so-called global currency war is utter nonsense. All that is happening is the Japanese are wisely taking steps to increase liquidity and depreciate their vastly overpriced yen. They are doing this in order to avoid deeper and deeper deflation. That deflation will sink the Japanese economy for years to come if remedial actions are not taken.
 
Among all the big economies, none needs quantitative easing more than Japan’s. All the Japanese have done so far is make cheap loans to banks, but with no concerted QE. But QE...