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G 20 Press review: skepticism reigns

Here on the fly some rough translations of Japanese and South Korean Press the G-20.


you describe a united front in Germany and China and the United States and warn in a roundabout in front of a second-Akkkord Plaza, with Japan in the mid-1980s, the upward pressure the U.S. has given in to the yen.


JAPAN
The Yomiuri calls on countries to make to finally do their homework and not to criticize each other:
"The decision of the leaders of the industry - and emerging economies, to avoid a devaluation contest their currencies, first of all a step forward, but the logic of monetary stability is not yet evident
.. Specified objectives to control the trade is not desirable. to be passing by the ball is. On the other hand, the effect of establishing reference guidelines unclear.
After the G- 20 Summit is the core of the problem always still there. It is therefore important that the U.S. change its over-consumption, China accelerated the appreciation of the yuan and other countries pursue the reforms. Japan also needs to accelerate the economic recovery by encouraging domestic demand "

The Mainichi compares the G20 with a leaderless battleship.
"The Mainichi asks," Has the role of the G-20 just two years after the founding already weakened? The summit of the 20 major countries and regions (G-20) in Seoul has left the impression of a war ship that drives that have no specific direction in the waves. ... It is ironic: The crisis has abated, the unit has diminished, and there are a number of policies that seek the benefit of their own country and other countries harass "
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The Asahi warns of a second Plaza Accord:
"Given Japan's experience after the Plaza Accord (yen appreciation) during the Japan-US trade dispute is a debate about structural reforms without a correction of imbalances unproductive. The G-20 should, therefore, the guidelines for a new mechanism to develop, which will therefore make every effort to develop a new mechanism of the manager increases the total G-20. "

SOUTH KOREA
The Hankyoreh sees a united front between Germany and China against the United States and warns also against a new Plaza Accord:
"The G-20 summit is on without significant progress the solution of the "currency war" was over. ... By and large my many observers that the summit clearly the diminishing role of the United States has shown.
Germany, another country with a large current account surplus, included a united front with China against the United States. Japan maintained a noncommittal attitude and did not support the U.S. claims. Seoul was discouraged after it had supported in spite of an excess of the U.S. side.
it will also be more difficult to lose in the current situation in the U.S., their dominance and China rises to a G-2-economics, to find a solution. Japan bowed to U.S. pressure (the currency) upgrade the mid-1980s with the Plaza Accord, but China remained stable this time and insisted on "gradual re-evaluation" (the yuan). "

The Korea Times used to pay against the attempt of the United States, other countries for their own sins, desist from:
"The . income countries transferred united to oppose the attempt of the United States, their financial worries for the rest of the world One Chinese participant said: "If you're sick, should not we ask people to swallow the medicine." And Germany is believed to be surplus of its competitive advantage and is not currency manipulation. A diligent to punish students was wrong. "