✉news BusinessEconomy first seen 21 h ago, last 2 h ago, peak #2
Japan tightens monetary policy to rescue the battered yen
Original: Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’
Japan is partially turning off the tap of decades of cheap money, moving to support the yen after prolonged currency weakness. The shift in monetary policy is being framed as an effort to defend the currency, with coverage suggesting Washington's position — described as an 'American friend' — played a supporting role in Tokyo's decision to rein in ultra-loose policy.
Why now: Japan's departure from years of ultra-loose monetary policy has major implications for global markets and currency traders.
JapanBank of Japanthe yenUnited States
Rank over time, top of the chart is #1. 3 snapshots from 5 h ago to 2 h ago.
Evidence
- Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’ · EL PAÍS English
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