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Jens Weidmann's got a lot of nerve, says Japan economy minister Akira Amari after the Bundesbank...

  • Wednesday, January 23, 7:47 AM ET
    Jens Weidmann's got a lot of nerve, says Japan economy minister Akira Amari after the Bundesbank chief sounded a warning about the BOJ and a weaker yen. "Germany is the country whose exports have benefited the most from the EU's fixed exchange-rate system," says Amari. "The market is in the process of correcting on its own from an excessively strong yen."
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    I've read this several times, and I was hoping someone could explain to me how Germany benefited the most from the EU's fixed exchange-rate system. Is it because if Germany was on its own currency (that didn't include Greece, Spain, etc. like the euro does), it would be stronger and thus, German exports would be hurt?
    23 Jan, 09:48 AM Reply Like
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