Japan PM's guru defends monetary 'independence'
WASHINGTON : An economic adviser to Japanese Prime Minister Shinzo Abe on Friday defended a policy of monetary "independence" as Tokyo fends off charges that it is manipulating the yen.
The yen's value has fallen sharply since Abe was elected in December, a depreciation that has come under scrutiny as finance ministers and central bankers from the Group of 20 major economies meet in Moscow.
Koichi Hamada, a Yale University professor who helped craft the premier's "Abenomics" philosophy, stood by his advocacy of "international monetary independence" in which top priorities include job growth -- not exchange rates. "Monetary policy should be assigned to its own price level, not the exchange rate, but the price level and unemployment, and then the world will be led to a kind of better state," Hamada said at the Peterson Institute for International Economics in Washington.
"Monetary policy of one country is assigned to its own country and not for others," he said, warning against the so-called "beggar thy neighbor" effect in which one nation's economic policy hurts other countries.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 59594
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.37Views: 59594
Date 15-09-14 1:06
Tooltip Information:Swedish PM Fredrik Reinfeldt to resign after losing to Left oppositionVideo by:Description: Sweden, Sep 15 (ANI): Swedish Prime Minister Fredrik Reinfeldt concedes his defeat after opposition center-left alliance, led by the Social Democratic Party, beat the incumbent center-right government in the 2014 parliamentary election. Reinfeldt is to resign on Monday after the defeat. He also told supporters in Stockholm late yesterday that he will also step down as leader of the conservative Moderate Party next year. According to Swedish Parliament website, the final election results are expected to come out on September 20 and the newly elected parliament will convene on September 29.Rating: 4.5Views: 218
Date 13-09-14 2:39
Tooltip Information:Bypolls: Voting begins for 3 Lok Sabha, 33 Assembly seatsVideo by:Description: Lucknow/ Moradabad/ Kolkatta/ Vadodra, Sept 13 (ANI): Polling for three Lok Sabha and 33 Assembly seats is currently underway across 10 states with the results crucial for both the ruling BJP-led NDA government as well as the opposition parties who are yet to recover from the massive defeat in the 2014 Lok Sabha elections. Voters began to queue up on Saturday at polling stations for the by-poll in Uttar Pradesh's one Lok Sabha and 11 assembly constituencies. Samajwadi Party and the Bharatiya Janata Party (BJP) are the main contenders in most of the assembly seats and the lone Lok Sabha seat.Voting is also underway for the Chowringhee and Basirhat (South) assembly constituencies in West Bengal.Voting for the Antagarh assembly constituency in Chhattisgarh also began today.Polling for Gujarat's one Lok Sabha and nine assembly by-polls is underway too.The Vadodara Lok Sabha seat was vacated by Prime Minister Narendra Modi after he was elected to the parliament from two places, including Varanasi in Uttar Pradesh.Voters queue up in Telangana too for polling.Rating: 4Views: 198
Date 12-09-14 5:13
Tooltip Information:Maharashtra, Haryana to go to polls on 15 Oct: ECVideo by:Description: New Delhi, Sep 12 (ANI): The Election Commission of India on Friday announced the election dates for the Maharashtra and Haryana assembly elections 2014. Talking to mediapersons in New Delhi, Chief Election Commissioner VS Sampath said, that polling would be held in Maharashtra and Haryana on 15 October. The results will be announced on 19 October. The Election Commission announced that the notification for the election in the two states will be issued on 20 September. The last date for candidates to file their nominations will be 27 September. The process of scrutiny will be conducted on 29 September and the last date for withdrawal of nominations will be 1 October.Rating: 4Views: 71
Date 23 hrs ago 1:10
Tooltip Information:SC gives direction to State and Centre on J&K relief operations, asks to speed up workVideo by:Description: The Supreme Court on Thursday gave directions to the state and Central Government over rehabilitation process and asked them to speed up the work. The SC said that the people need to get settled as soon as possible and thus work needs to get on track as fast as possible. The court also said that all the NGOs and all political parties should get involved in the process.Rating: 4Views: 22
Date 23 hrs ago 3:17
Tooltip Information:Ajit Singh's supporters detained after trying to block NH-58Video by:Description: Protests in Uttar Pradesh's Ghaziabad district were witnessed against central government's decision to cut off water supply at RLD President Ajit Singh's residence in Delhi. The Ghaziabad police on Thursday detained about 200 Rashtriya Lok Dal (RLD) and Bharatiya Kishan Union workers after they blocked traffic on National Highway-58 and tried to disrupt the water supply from Muradnagar to Sonia Vihar in Delhi. Singh said that this is nothing but the sentiments of the farmers union attached with the house. Haryana Chief Minister Bhupinder Singh Hooda has also come in support of Singh.Rating: 4Views: 24