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Yen Drops to 161 against USD. -34% since 2020, -53% since 2012. Currency Collapse Comes to Mind. Bank of Japan Finally Gets Nervous about its Crazed Monetary Policies
by Wolf Richter, Wolf Street: A collapsed yen is not good for Japan, which has had a trade deficit for years. And it contributed to energy price shocks. The yen dropped to ¥160.8 to the USD today, the weakest since 1986, despite endless jawboning by Japanese authorities – including today by vice finance minister and […]
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