The US Monetary Authority Yen Intervention Does Not Fix Japan’s Underlying Structural Issues

Posted bymarkskidmorePosted inUncategorized

Ed Dowd: “The move is a temporary Band-Aid at best and sharp yen strength can historically trigger carry-trade unwinds and risk-asset volatility, but it does not fix Japan’s structural debt or rate differentials. The Fed, BOJ and Treasury are walking a tightrope.”

https://eddowdbeyondthenarrative.substack.com/p/the-us-monetary-authority-yen-intervention?r=o1vob&utm_campaign=post-expanded-share&utm_medium=web

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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