European Central Bank policymaker Luc Coene has been adamant in saying that recent suggestions of a currency devaluation war are wide of the mark, after Japan and the United States pursued policies that some argue are designed to weaken their currencies. 

Japanese prime minister Shinzo Abe has had to dismiss global criticism over the Bank of Japan’s decision to double it inflation target to 2% in a bold bid to redress years of deflation. While the United States has c...


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