✉news BusinessEconomy first seen 3 h ago, last 33 min ago, peak #2
Japan tightens monetary policy to rescue the weakening yen
Original: Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’
Japan has begun scaling back its era of ultra-cheap money, tightening monetary policy in an effort to shore up the yen, with the coverage pointing to support or pressure from the United States. The move marks a partial end to years of loose policy that kept borrowing costs near zero. Commentators are weighing how far Tokyo will go and what US involvement means for currency markets.
Why now: Japan's shift away from decades of cheap money has major implications for global markets and the yen's exchange rate.
JapanBank of Japanthe yenUnited States
Rank over time, top of the chart is #1. 6 snapshots from 3 h ago to 33 min 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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