This is what it's costing Japan to deal with the Fed's rate hikes

Posted on AllSides November 1st, 2022
From The Center
Photo: Kim Kyung-Hoon (Reuters)
ANALYSIS

While the Fed fights inflation, every other government is forced to fight the strengthening US dollar. Japan spent a record $42.7 billion in October, more than double the $19 billion it had spent in September, to reduce the yen’s volatility on international currency markets and lower import costs.

Until recently, Japan had refused to admit it was buying up massive amounts of its own currency, obscuring the size of its own interventions from market players. The Bank of Japan (BoJ) is hoping to avoid the bond market meltdown that occurred this month in...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://qz.com/this-is-what-its-costing-japan-to-deal-with-the-feds-ra-1849725491

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right