With Japan's new policy gambit likely to push the yen lower still, and with the euro heading south versus the dollar thanks to the ECB's efforts to
reflate its economy, discussion of currency devaluation cannot be ruled out in Brisbane either.
Japan, having battled with deflation for many years, is determined to follow through on its promises to
reflate the economy via the tools of "Abenomics", named after Prime Minster Shinzo Abe.
Elle
reflate l'intrat accord par les autorits nationales cette frange de la communaut nationale afin de consolider et de renforcer ses liens avec le pays et pour mieux s'imprgner de sa riche culture et de sa glorieuse histoire.
"China is seeing a surge in interest because of government efforts to
reflate the economy," he said.
typically uses the annual IMF and World Bank meetings as a bully pulpit to press others on the need to improve economic policy, be it China to revalue its currency or Japan to
reflate its economy.
"Japan's decisive moves to
reflate its economy will support growth in the near term, but it will need to manage the twin challenge of providing near-term stimulus and achieving longer-term sustainability," the draft communique said, although the version circulated by Britain and seen by Reuters was put together before the recent market turmoil.
The foreign exchange market is also likely to feature high on the agenda after the dollar topped 100 yen for the first time in more than four years overnight, as Tokyo's aggressive stimulus efforts to
reflate the Japanese economy continue to depress its currency.
The US economy is on a growth path, Europe is in a mild recession, Japan is determined to
reflate and Chinese GDP is still near eight per cent, with emerging market growth solidly above five per cent.
"It means that the BOJ is deathly serious about their plans to
reflate the economy," said Neal Gilbert, market strategist at GFT Forex, in a note to clients.
Bernanke and company are trying to
reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession.
These countries keep interest rates close to zero in order to
reflate their and the world's economies.
China's growth is expected to slow but experience a soft landing as the authorities move to
reflate early in 2012.
Until last year, policymakers could always produce a new rabbit from their hat to
reflate asset prices and trigger economic recovery.
