The overrun is just a kerfuffle over exchange rates, he said.
But international brow-beating over exchange rates can be risky and dangerous for all countries concerned.
Unfortunately for American exporters, Mr. Bush is unlikely to win any tug of war over exchange rates with Japan.
But macro-economic interdependence brings with it a whole range of tactical tensions — over exchange rates, intellectual property, investment rules and standard-setting.
One of the big lessons of the European debt crisis, Polish leaders say, is that countries should not adopt the euro until their economies and labor markets are flexible enough to compensate for the loss of control over exchange rates.
That left the Treasury secretary, Timothy F. Geithner, to make an unscheduled stop in China on his way home from South Korea to discuss the deepening tensions over exchange rates with a top Chinese finance official.
There are also worries that friction with China over exchange rates and other issues could damage the interests of American tech firms which have Chinese subcontractors and factories.The tech industry is also concerned about the difficulty of importing skilled labour.
WASHINGTON — The United States and China inaugurated two days of high-level talks on Monday, exchanging promises of great-power cooperation on weighty issues like climate change while steering clear of potential conflicts over exchange rates and human rights.
Though Chinese leaders have minimized their currency's use in international transactions, largely so they could keep greater control over exchange rates, Mr. Zoellick said the renminbi would "evolve into a force in financial markets".
BLOOMBERG Exchange Merger Dreams Still Viable in Emerging Markets | Though pessimism over exchange consolidation may hold for Western markets, a new report from PricewaterhouseCoopers suggests that for bourses in Asia and Latin America, mergers are still a potential source of growth.
Kinetic-energy effects are then dominant over exchange and correlation further the binding energy decreases as QD volume increases [26].
