Japan cast as villain in global currency war drama

Japan is being cast as the villain in a heated currency drama, accused of driving down the yen’s value to shore up its fragile economy, as a statement from financial powers fails to reassure markets ahead of G20 talks.

A global war of words has seen the new government in Tokyo reject claims of manipulation, and reasserting its mantra of big spending and aggressive monetary easing is meant to boost the economy after two decades of limp growth and deflation.

via Business feed http://www.scmp.com/business/economy/article/1150070/japan-cast-villain-global-currency-war-drama