Japan's government will consider further stimulus steps, potentially making it the first developed country to turn to additional fiscal spending since the global crisis, as a strengthening yen threatens its faltering recovery.
Beggar thy neighbor is an expression that represents economic policies that seek the benefit of one country at the expense of another. A rising Yen makes its trade goods more expensive relative to currencies that are depreciating faster. When Japan suggests that they are mulling a new stimulus, they are implying another round of currency devaluation. The rising price of gold in all global currencies suggest that the global citizens are catching on the fiat game of external default.
Source: finance.yahoo.com
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