Turkish central bank Governor Erdem Basci's efforts to weaken the lira are being undermined by stimulus from his counterpart in Japan as investors buy the Mediterranean nation's assets in carry trades funded by the yen.
http://www.bloomberg.com/news/2013-04-09/boj-defeats-basci-cut-as-lira-carry-trade-revives-turkey-credit.html
http://www.bloomberg.com/news/2013-04-09/boj-defeats-basci-cut-as-lira-carry-trade-revives-turkey-credit.html
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