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From Indonesia to Japan, dollar's rising strength raises alarm
By Juntaro Arai
Nikkei, Tokyo
Sunday, April 14, 2024
TOKYO -- Countries across the globe are becoming increasingly wary of the growing might of the U.S. dollar. Emerging economies such as Indonesia have begun to move to defend their currencies against the possibility of renewed inflation and downward pressure on growth through higher import prices.
The negative impact of the dollar's predominance on the global economy is likely to be one of the main themes at the Group of 20 of meetings finance ministers and central bank governors, which opens on Wednesday in Washington.
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The currencies of G20 countries are almost all depreciating against the dollar.
The decline since the beginning of the year has reached 8% for the yen and 5.5% for the South Korean won, led by the Turkish lira at 8.8%. Both developed and emerging economies have seen currencies weaken at an accelerating pace, with the Australian dollar, Canadian dollar, and euro falling 4.4%, 3.3%, and 2.8%, respectively, in developed economies. ...
... For the remainder of the report:
https://asia.nikkei.com/Economy/From-Indonesia-to-Japan-dollar-s-rising-strength-raises-global-alarm
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