• Thu
  • Aug 21, 2014
  • Updated: 12:54pm

Devaluation

Asian central banks seen entering currency markets if Fed tapers off

Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than in the past to raise interest rates if tensions escalate.

Saturday, 15 June, 2013, 3:29am

G20 pledges against devaluation to help exporters

The Group of 20 economies will affirm a commitment to avoid weakening their currencies to gain an advantage for their exports, according to a draft statement prepared for a meeting this week in Washington.

19 Apr 2013 - 4:06am

US calls on Japan not to drive yen down

Japan will be reminded of its pledge not to drive down the yen when Group of 20 finance chiefs meet this week for the first time since the world's third-largest economy intensified its campaign to defeat deflation.

16 Apr 2013 - 6:39am

A yen for Japan

Macqueena Fan has been to Japan 15 times. She is a huge fan of the cuisine and every time she goes, she makes sure she indulges in local delicacies like sashimi and Sendai gyutan, a type of grilled ox-tongue. But her most recent trip over Easter was extra sweet.

15 Apr 2013 - 3:11am

Shinzo Abe's monetary stimulus risks inflaming regional tensions

Reaction to the Japanese central bank's stunning monetary stimulus - doubling the size of money in circulation in two years - ranges from "brave" to "irresponsible". It is a bold attempt to jolt Japan out of two lost decades of stagnation and deflation. But it comes with risks that have aroused grave misgivings.

8 Apr 2013 - 2:04am

China's fury at Bank of Japan 'blackmail' makes zero sense

According to the story on the front page of Saturday's South China Morning Post a host of mainland economic bigwigs led by former People's Bank of China monetary policy committee member Li Daokui are "livid" at what they see as the BoJ's efforts to devalue the yen.

8 Apr 2013 - 3:17am 4 comments

Japan stimulus will start currency war, say Chinese economists

Many of China's top economists are livid at what they view as an effective currency devaluation by Japan and are calling on the People's Bank of China to retaliate by weakening the yuan to defend itself in what they see as a new currency war.

6 Apr 2013 - 5:47am

Chavez was a clown whose policies cost a ruinous price

From a distance of 10,000 miles, it was easy to see Hugo Chavez as nothing but a clown.

It was pretty easy from up close, too. When the newly installed Venezuelan president visited Hong Kong in October 1999, his staff presented reporters with portraits of El Presidente dressed in gilded military uniform, complete with scarlet sash of office.

7 Mar 2013 - 6:25am 3 comments

Danger signs for the global economy

While people fret about a potential shooting war between three of the world's largest economies in the East China Sea, the real danger may be a currency war in which all three countries will be key players.

25 Feb 2013 - 2:52am

Make way, not war

China's foreign-exchange regulator urged Group of 20 nations to improve collaboration to avoid any so-called currency wars while signalling he is comfortable with the value of the yuan.

29 Jan 2013 - 4:56am

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