Why Not Call Japan a Currency Manipulator Too?
For whatever reason, the U.S. has been continually threatening to make an official statement that China is a currency manipulator. It is rather childish if you think about it for a second, since all major nations manipulate their currency in one way or another. Call it quantitative easing or fiscal stimulus, there is a reaction to the programs within the currency markets that ultimately have an effect on imports and exports. Of course the recent flight to safety has pushed up the U.S. dollar and the Japanese Yen. But, if you have not noticed, the Yen is now trading against the U.S. dollar at levels not seen since 1995.
