Looking back on three months’ worth of extreme market volatility it is clear that global currency wars have entered a new and more complicated phase. In effect, volatility has neutered the power of those central banks that have been most committed to weakening their currencies. The Bank of Japan provides the most notable example of impotence.
回顧持續(xù)3個(gè)月之久的極端市場(chǎng)波動(dòng)，可以看出全球貨幣戰(zhàn)顯然進(jìn)入了一個(gè)更加復(fù)雜的新階段。實(shí)際上，市場(chǎng)波動(dòng)已經(jīng)讓那些最堅(jiān)定地致力于本幣貶值的央行失去了戰(zhàn)斗力。彰顯這種無(wú)能為力的最顯著的例子就是日本央行(BoJ)。
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