The Yen’s $96 Billion Fortress on Quicksand | Geopolitics Weekly - Geopolitical Monitor

The Yen’s $96 Billion Fortress on Quicksand | Geopolitics Weekly - Geopolitical Monitor

Source: Geopolitical Monitor

DW NOTE

Japan holds $1.09 trillion in US Treasuries and another $96 billion earmarked for yen intervention — an arsenal built to defend a currency that loses 2-3% of its value every time the BOJ so much as hints at tightening. The fortress analogy is apt, but fortresses don't work when the enemy is your own central bank's balance sheet.

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