I was just thinking with all of the tourists, in addition to all of the new immigration into Japan that the weak Yen may be intentional. I recall hearing something about how in the late 80s the international banking community used some finical tools to suffocate Japan's economy so I'm curious if there is something else going on with Japan right now.
I'm completely blind about what is going on with Japan in terms of its economic health. So curious if there are any explanations for Japan's weak Yen.
It took 17 years for the Bank of Japan to raise interest rates from 0% to 0.25% last August. The moment they did, the stock market took a tumble as everyone scrambled to unwind their carry trades.
What's a carry trade? It's when you borrow a cheap currency (like the Yen) and use it to trade another currency (like the US Dollar) so you can dump it in your own market to chase gains. If it sounds like shorting the Yen, that's because it is.
The economy is fake and gay.
The debt manipulation games and day trading bullshit of the stock market has been a net detriment to the world. We need to go back to gold and actually investing for dividends because you think a company makes a good product. Shorting in particular is only good for gambling by economic manipulators, not good for the actual domestic economy - that shit should be illegal.