Economy / FinanceAsia

Sean Foo: Japan Dumps $22 Billion in Desperate Currency Rescue

0

In a surprising move, Japan has begun intervening in the foreign exchange market in an effort to prop up the value of the yen. The Bank of Japan dumped a staggering $22 billion into the market, but analysts question whether this move will have any significant or lasting impact. The Japanese currency has been on a steady decline against the US dollar due to various economic factors, including the divergent monetary policies of the Bank of Japan and the US Federal Reserve. While the US has been gradually raising interest rates, Japan has maintained its ultra-low interest rate environment to…

This content is for Q17c Membership, Classified Membership, and LifeTime Patriot Membership members only.
Join Now
Already a member? Log in here
QNavy
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

[UPDATE-Day 282-Jul 14] Israel-Lebanon-Iran War, Hezbollah, Gaza and Hamas: Real Time Reaction and Analysis

Previous article

Restored Republic via a GCR: Update as of July 14, 2024

Next article

You may also like

Comments

Comments are closed.