Currency War in Action

In case you were wondering exactly what goes on in a currency war, check this out:

BEIJING—The president of China's giant sovereign-wealth fund warned Japan against using its neighbors as a "garbage bin" by deliberately devaluing the yen, joining a growing number of Chinese officials sounding alarms about a potential currency war.

Notice how they're referring a "potential" currency war. Forget potential, we're in it.

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