CLEAN: Currency war threat looms over G20 ministers' meeting

The video discusses the impatience on both the US and Chinese sides regarding the appreciation of the Chinese yuan. The US wants faster appreciation, while China is wary of foreign interference and the impact on exporters. It highlights the dangers of capital inflows, known as hot money, which can cause rapid exchange rate fluctuations, affecting exports and consumers. The video also touches on currency management strategies, including the Japanese government's smoothing operations to prevent rapid appreciation.

What impact does rapid appreciation of currency have on exports and consumers?

What method did the Japanese government use to manage currency appreciation?