economy
Yen intervention illustrates the dangers of monetary experiments
Tokyo and Washington’s desire to maintain stability may be creating long-term danger
TL;DR
- The Japanese yen has fallen to near historic lows against the US dollar.
- Japan has intervened in currency markets to support the yen, a rare occurrence.
- The desire for stability from Tokyo and Washington may be creating long-term risks.
- Aggressive monetary policies can lead to dangerous, unintended consequences.