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 40999
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: 3.23Views: 40999
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 8150
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 2614
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2207
Date 2 hrs ago 2:14
Tooltip Information:Fishermen in Kerala demand separate ministry to redress their issuesVideo by:Description: A fishermen forum from Kerala conducted a signature campaign demanding Narendra Modi-led government for a separate ministry to monitor issues related to fisherfolk. BJP leader O Rajagopal kick-started the campaign, urging central government to take back permits to foreign vessels to fish in Indian seas as it would affect country's fishermen. President of National Fishworkers' Forum in Thiruvananthapuram, T Peter, said they would hold a national level meeting to create an action plan against the Modi government, if their demands were not met. Meanwhile, Peter said Modi's Bharatiya Janata Party did not fulfill its promises made in the manifesto of creating a separate ministry.Rating: 4Views: 0
Date 2 hrs ago 0:36
Tooltip Information:World Bank Group President meets Arun Jaitley, pledges supportVideo by:Description: World Bank Group President Jim Yong Kim, who is on a three-day visit to India, met Finance Minister Arun Jaitley and pledged his support in country's development. Kim said the World Bank Group had pledged financial support to India to boost the nation's development. Kim said he discussed knowledge based partnership with Jaitley as India is a home to many great innovations. He said they will inculcate India's innovations at global level and at the same time bring in various developmental projects across the world to India.Rating: 4Views: 0