A currency war has begun
Get ready for central bank fun
It starts kind of meek
But then at its peak
We start dropping bombs by the ton
— The Limerick King (@TheLimerickKing) August 12, 2015
CIC President Warns Japan on Currency Devaluation – WSJ.com
LINGLING WEI writes from Beijing:
The president of China’s giant sovereign-wealth fund warned Japan against using its neighbors as a “garbage bin” by deliberately devaluing the yen, joining a growing number of Chinese officials sounding alarms about a potential currency war.
Read more at CIC President Warns Japan on Currency Devaluation – WSJ.com.