BERLIN (MNI) - The German Finance Ministry does not fear that the decision
of the Japanese central bank for a more loose monetary policy will lead to an
international race of currency devaluations.
"If you look at the developments of the yen-euro rate over recent years,
then the current fluctuations are in a normal range," ministry spokesman Martin
Kotthaus said at a regular government press conference here.
"At the moment, one cannot speak of something like [a currency devaluation
race]," the spokesman asserted.
--MNI Berlin Bureau; tel: +49 30-226-20580; email: email@example.com