Japan ramps up intervention threats after yen slides past key 150 level
One AmericaJUL 2022
Japan has been bucking the global trend, opting for a loose monetary policy amid global inflation, and it's clearly not working. In addition to experiencing rampant inflation, Japan’s yen has also weakened substantially. Japan’s financial leaders must change their policies to improve the country’s economy.
A weakened yen isn't necessarily a bad thing, as foreign companies look to import more Japanese goods when the yen is weaker. Japanese companies are seeing big gains in the stock market as exporters, especially in the auto industry, become more competitive and increase sales abroad.