For decades, the global financial system has been founded on a convenient assumption. The US would keep taking on more debt, and countries like Japan would cover the bill. America got to borrow money at low interest rates, while Japan got to amass massive cash reserves invested in US Treasury bonds. And in the meantime, […]
Tag: Japanese yen
Posted inAnalysis
A way out of exchange-rate chaos
Posted inAT+
Yen’s loss could be yuan’s gain
Posted inChina, World
Coronavirus data rejig spooks market
Posted inChina, World
