You sure about that?
Looks like they started the 80s with 250 Yen to the dollar and ended the 80s with about 150 Yen to the dollar. Now they're 80 Yen to the dollar.
If they have a weak Yen policy, they must be doing it wrong.
Japan figured out currency manipulation as the key to winning global trade in the 80s with ZIRP and keeping their currency artificially weaker than the dollar by building up FOREX reserves, then China overwhelmed them in the 90s with larger currency muscle to pull global trade into their country with giant FOREX reserves, and now the FED has decided to use ZIRP and monetization to use the “largest” currency muscle in the world to overcome exponential debt growth and fantasy ponzi finances. This will force everyone else to fire up the printing presses to maintain the current status qou of the USA borrowing 500 billion a year from our “trade” partners to buy stuff from them as they must keep the dollar strong with respect to their currencies to continue business as usual.
It sounds good that we might actually turn the tide in currency manipulation to reverse our trade imbalance, but we are the worlds largest debtor and doing this out of a position of weakness not economic strength. It does however show that the current manipulation of global trade through FOREX reserves of the dollar is about to end thanks to trillions of new dollars being created out of thin air by the FED in its desperation to save the over-leveraged broken corrupt financial system.
You sure about that?
Looks like they started the 80s with 250 Yen to the dollar and ended the 80s with about 150 Yen to the dollar. Now they're 80 Yen to the dollar.
If they have a weak Yen policy, they must be doing it wrong.