Currencies
Takaichi Proposes Digital Yen to Counter
Japan's Digital Minister, Takaichi Sanae, has proposed a yen-backed digital currency to counter the dominance of the US dollar and China's digital yuan.
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Currencies
Japan's Yen Intervention Undoes a Risky Global Trade
Japan's recent intervention to support the yen has disrupted a long-standing global carry trade, with the US Treasury aiding the Bank of Japan in stabilizing the currency. This move highlights the risks of the yen's prolonged weakness and its broader implications for global financial markets.