The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running | Editorial
A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are usefulJapan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention.
Reported by 1 outlet — The Guardian US. See all sources ↓
A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are usefulJapan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention. Traders are betting that its role as a cheap funding pipeline for global finance will continue. Earlier this month the Trump administration stepped in to help Tokyo stabilise its currency.
Read the full report at The Guardian US ↗
Why it matters
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- What's the story?
- A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are usefulJapan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 12m ago.
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The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running | Editorial
Sources1TypeCoverageThe Guardian US