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The yen isn't Japan's problem, it is everyone's problem. Because this crash isn't the Fed.

Eurodollar University

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The Dollar Shortage Is Not Inflation, Nor Was It Ever

As of August 2022, the latest data they've showed, they report the Bank of Japan reports, they're down to 1.238 trillion. So that's about 200 or $200 billion in reserves that disappeared. And those other ways are usually borrowing. If there was a surplus of dollars, as Jay Powell had said in 2020, that surplus of dollars would have found its way to Japan because Japan, at least nominally presented,. forgive me, a quick buck.

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