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Abenomics Brings Currency Wars to G7 Talks

from Gold Core:

As the global economic slump continues central bankers, such as Mario Draghi, and politicians have vowed “to do whatever it takes” to get economies back on track. Such policies while having near term benefits are considered extremely risky in the longer run by many commentators as they could beckon runaway inflation or stagflation, with ruinous results.

Shinzo Abe unleashed his plan with the blessing of the Bank of Japan to begin aggressive government bond purchases. This has led to a massive growth of 60% on the Nikkei and is deflating the yen and boosting their exports.

Kyle Bass of Hayman Capital, a strong gold bullion supporter, previously described the country’s combination of; the highest Debt-to-GDP ratio, its large trade deficit, low FDI and a declining population as a “vicious cocktail”.

Read More @ GoldCore.com

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