Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This. - The New York Times

Rapidly rising food and energy costs, coupled with a plunging yen that has hit a 20-year low against the dollar, are weighing on a Japanese economy struggling to emerge from the pandemic.

Some politicians have suggested that the Bank of Japan could shore up the yens value through currency market interventions, selling its own dollar holdings to lift the Japanese currency. But thats an… [+1214 chars]

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