JAPAN JUST LOST CONTROL OF ITS FOREIGN CURRENCY RESERVES

On Monday, the 3rd of August, Japan and the US agreed to issue a joint public statement confirming that they coordinated to intervene in the JPY exchange rate. This latest intervention likely cost Japan JPY 8.45 trillion and JPY 5.3 trillion of monetary reserves on Thursday and Friday, respectively, based... The post JAPAN JUST LOST CONTROL OF ITS FOREIGN CURRENCY RESERVES appeared first on…