Japanese Vice Finance Minister Mimura
Japanese Intervention Risk Returns Even as Expected Size of Next Fed Rate Cut Shrinks
October 7, 2024
Ever since the international monetary system switched from fixed to market-determined flexible dollar exchange rates in March 1973, government officials in Japan have been particularly sensitive to excessive currency market volatility. The asymmetry since 2022 between loose Japanese monetary policy and tight stances elsewhere has presented a particularly difficult challenge especially with Japan transitioning out […] More
