Comment on Yen weakens past ¥160 per dollar, eroding intervention gainsparentComments−m00dy12dTGA account has around $1T in it. So, Bessent has enough ammo to defend the castle of Japan.−timr12dIt’s pointless. Setting money on fire to avoid the inevitable.Since Bessent did what he did the whole issue has been swallowed up in the idiotic partisan maw of US politics, but it’s just a self-defeating effort by Japan to fight the market.
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TGA account has around $1T in it. So, Bessent has enough ammo to defend the castle of Japan.
It’s pointless. Setting money on fire to avoid the inevitable.
Since Bessent did what he did the whole issue has been swallowed up in the idiotic partisan maw of US politics, but it’s just a self-defeating effort by Japan to fight the market.