FT: Japan fires back at currency critics

By: Eamonn Sheridan

I've been meaning to post this all day. Its from last night, its not 'news', but interesting background reading. From the FT (gated) Akira Amari, economy minister, hit back against admonishments by Jens Weidmann, the president of Germany’s Bundesbank “Germany is the country whose exports have benefited most from the euro area’s fixed exchange rate system. He’s not in a position to criticise,” Mr Amari said. “The market is in the process of correcting on its own from an excessively strong yen,” he said. “We aren’t guiding it, we aren’t doing anything.” When's the next G20 meeting? Slugfest .... :-)