Japan Confirms Joint FX Intervention with U.S., Says Won't Hesitate for More

Reuters08-03 07:44

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Comments

  • Et1502
    08-03 08:16
    Et1502
    Somehow Japan never learned their lesson on 20 years of deflation.
  • WeijieIEH
    08-03 08:08
    WeijieIEH
    How this affect yen exchange rate against sgd
  • Guavaxf3006
    08-03 07:52
    Guavaxf3006
    Japan and the US are in panic mode.  The Japanese are facing a total erosion of their economy. The US, Japan is the highest holder of US treasuries ever since China exited much of their holdings of treasuries (courtesy of Donald Trump).  But the serious implication is if this does not work, US treasury yields will explode. Sucking up cash from the stock markets.  Not a good position right now.
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