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US-Japan trade thaw driven by shared yen for stronger currency

A rare joint intervention to stabilise the yen has given US-Japan relations a near-term lift, according to analysts. But whether that goodwill endures depends on how long the currency’s rebound can survive mounting market and policy pressures. Friday’s operation, Washington’s first yen purchase since 1998, came after the Japanese currency had slumped to a four-decade low of almost 164 yen to the…

US-Japan trade thaw driven by shared yen for stronger currency

We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.

Read the original at scmp.com →

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