The Bank of Japan Isn't Doing Much to Stimulate the Economy

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The bank of japan is effectively throwing its hands up and saying, yet currency markets, you feel free to send the yen down to a 20 year low. And weg ain't to do nothing about it. Meanwhile, the yen is going in the opposite direction. Inflation has ticked up a bit in japan, but it's, you know, by everybody else's standards, is still very, very low. I think they would possibly prefer to be in the situation of the federal reserve, which definitely has an inflation problem, but at least it has an inflation Problem related to a strongly growing economy.

The US dollar surged to its highest level in two decades on Thursday, the US economy contracted unexpectedly in the first quarter, Twitter admits an ‘error’ in audience figures for the past three years, and Amazon shares fell after the company said it expects revenue growth to remain sluggish.

Mentioned in this podcast:

Falling sales and high costs weigh down Amazon earnings

US economy contracts for first time since mid-2020

Dollar surges to highest level in 20 years

Twitter admits overstating audience figures for 3 years

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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