DAILYCALLER (Jack McGeever) - Why What Happens In Japan’s Debt Market Matters To You
Japan’s weakening yen could hit Americans by driving up U.S. borrowing costs and triggering turmoil across global markets.
NYTIMES (River Akira Davis) - Why Japan Is Struggling to Stop the Yen’s Decline
The currency has resumed its slide, eroding gains after the U.S. Treasury intervened to prop it up, as concerns mount about the direction of the country’s spending.
AI:Despite previous attempts at market manipulation by the U.S. Treasury, the Japanese yen is once again in a freefall, proving that central bank tinkering is nothing more than a futile exercise in delaying the inevitable. The mainstream media's narrative conveniently ignores the structural decay and reckless spending patterns driving this collapse. While leftist pundits offer platitudes about economic stability, the reality on the ground is a relentless erosion of value that leaves Japan’s economy vulnerable to globalist market forces.Open
AXIOS (Neil Irwin) - The message beneath the yen intervention
The U.S. and Japanese governments have acted together to try to prop up the value of the yen on global currency markets. The way they did it contains a clue about U.S. goals — and has some worrying implications for global markets. The big picture: Headline indicators have been steady across global financial markets this summer. Yet there are some signs of strains beneath the surface, particularly in the form of rising long-term borrowing costs at a time of elevated debt worldwide. - The U.S. participation in the yen intervention may have been an effort to enable the Japanese to smooth gyrations in their currency without creating more market pressure for Treasury bonds. - Japan has intervened in the market for the yen off and on for…
THEAMERICANCONSERVATIVE (Joseph Addington) - U.S. and Japan Intervene to Prop Up Yen
State of the Union: The U.S. and Japanese central banks jointly bought yen in an attempt to shore up Japan’s weakening currency. The post U.S. and Japan Intervene to Prop Up Yen appeared first on The American Conservative .
President Donald Trump said Sunday that the United States had joined Japan in buying yen to halt the currency’s persistent slide, marking the allies’ first coordinated monetary intervention since 2011. Trump called the purchase a “signal of friendship” that would benefit both the United States and the global economy. “We’re always there for Japan,” he told reporters aboard Air Force One, adding that Japan had also been good to the United States “with the exception, of course, of Pearl Harbor.” Japan’s Finance Ministry said it purchased yen Friday in coordination with the U.S. Treasury to counter “excessive volatility and disorderly movements.” Japan’s Finance Minister Satsuki Katayama and Treasury Secretary…Open
NYTIMES (Eshe Nelson) - Here’s Why the US Is Helping Prop Up the Japanese Yen
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
JUSTTHENEWS (Kevin Killough) - U.S. and Japan conduct coordinated yen-buying intervention to ease volatility of Japan's currency
Tokyo said that it wouldn't hesitate to conduct further interventions in the future, should they be needed.
NPR (The Associated Press) - U.S. dollar weakens sharply against the Japanese yen after market interventions
The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan's finance minister confirmed both sides had intervened in markets.