Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
John Hardy, head of fx strategy at Saxo Bank, discusses expectations for the yen as no opposition arose from G20 and sees the currency weakening further in the next couple of years against the dollar.
Finance Minister Taro Aso gained the G20 members' understanding after explaining the bold easing measures by the Bank of Japan are aimed at ending the long lasting deflation of Japan and not at weakening the yen. The Nikkei's Kishida Sachiko has more.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Hyun Oh-seok, Deputy Prime Minister and Finance Minister of South Korea, says there is no one-size-fits-all method when it comes to monetary policy and currency devaluations.
Max Knudsen, chief market strategist at ADS Securities, says that while the yen has slipped against the dollar ahead of the G20 meeting, the long-term picture remains bullish.
Derek Halpenny, European head of global currency research at Bank of Tokyo-Mitsubishi, tells CNBC that there's a huge risk of the market realizing there's little substance behind G20 statements on the yen.
Christine Lagarde, managing director of the IMF, tells CNBC that she did not see any evidence of currency wars at the G-20 meeting in Moscow.
George Osborne, UK finance minister, tells CNBC the international tax rules have not kept pace with the changes in the world economy, they need to be updated but it can't be done in one country.
Mark Matthews, Head of Research, Asia at Bank Julius Baer said Japan would likely continue expanding its balance sheet whether or not it was criticized by the other G20 leaders. He noted that other central banks such as the Federal Reserve and the Bank of England are doing the same to support their economies.
James P Walsh, senior economist Asia Pacific department at the IMF, emphasizes the importance of infrastructure investments to stimulate growth.
Jacob Frenkel, chairman of JPMorgan Chase International, tells CNBC monetary policy and fiscal policy have exhausted their capabilities and now the key focus should be on structural economic policies.
Simon Cox, Asia Economics Editor at The Economist says finance ministers and central banks should be fighting stagnation, not each other. He's joined by Michael Hewson, Senior Market Analyst at CMC Markets who says the weakening yen is justified.
Uwe Parpart, Managing Director, Head of Research at Reorient Financial Markets says Japan has a legitimate case to fight against deflation which will bring down its currency.
Roberto Nicastro, general manager of Unicredit, tells CNBC he expects the issue of inconsistent regulation across the countries to be addressed at the G20.
A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.
Ksenia Yudaeva, Russia's G20 Coordinator, tells CNBC that currency wars are about transparency and co-ordination of monetary policy between different countries.
With the road ahead looking a bit smoother, G20 finance ministers will be happy to ignore the wreck in the rear-view mirror when they meet this week to steer a course for the world economy.
The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
So euro zone members want to bring down borrowing costs in Europe? Good idea. That was the one tangible idea from the G20 meeting, but unfortunately they didn't say how that would be accomplished.