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MaryJo Kringas's avatar

Useful insight Mike. Thank you. If the yen weakens further the Japan Finance Ministry could step in to raise interest rates as they did 8/4/2024. Problem here being that the yen is not strengthening even with higher rates. They might need to “go Paul Volker”

all the way to 18%. Problem there is possible insolvency.

I wonder if Japan still thinks the “big bazooka” was a good idea.

Michael J. Kramer's avatar

They could intervene, but I really do not know what happens. We will have to wait and see.