Washington Triggers Japan Currency Panic

5 months ago
3

Unintended consequences are piling up faster than the Trump crew expected, if they ever did expect them. Japan is left in a dire position where no delay could be allowed in action. Facing the prospect of reduced export business with an econmy that depends heavily on foreign buyers, Japan has made large debt purchases to drive the yen up in value. Now the US is furious and threatening further punishment. And how exactly is that going to help?

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