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Eurodollar University
The Japanese Government Is Getting Desperate As The Yen Collapses
Jul 15, 2024
Financial expert Steve Van Metre discusses the Japanese government's futile attempts to prop up the yen, highlighting the broader truth about monetary systems globally. Topics include central bank interventions, currency dynamics, impact of weakening Asian economies, and the consequences of a strengthening dollar on the US economy.
19:07
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Quick takeaways
- The Japanese government's efforts to prop up the yen are futile due to deeper underlying global economic issues.
- Central bankers' currency interventions are unsustainable, revealing a lack of control over the complex global monetary system.
Deep dives
Japanese Government's Ineffective Intervention in the Yen
The Japanese government's repeated interventions in the yen, with billions of dollars, have shown little long-term impact on the currency's value. Despite efforts following economic indicators like interest rates, the yen continues to weaken significantly. This suggests a deeper issue beyond mere economic conditions, possibly connected to broader global economic factors impacting Asia and the world.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode