Over the past week, policy-makers across Asia have issued verbal warnings or intervened in foreign exchange markets to prop up their currencies against the dollar.
On April 17, the finance ministers of the US, Japan and South Korea issued their first-ever trilateral statement on their currencies. US treasury secretary Janet Yellen, Japanese finance minister Shunichi Suzuki and South Korean finance minister Choi Sang-mok met in Washington, on the sidelines of the International Monetary Fund and
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