▲ 9 ▼ Japan to announce Tokyo, Washington took joint action on yen (www.reuters.com) submitted 1 week ago by yogthos@lemmy.ml to c/economics@lemmy.ml 3 comments fedilink hide all child comments
[–] davel@lemmy.ml 5 points 1 week ago (2 children) Did they meet at a plaza and come to an accord again? permalink fedilink source hideshow 4 child comments replies: [–] yogthos@lemmy.ml [S] 4 points 1 week ago It's going to be interesting what happens this time around because Japan holds such a stupendous amount of American bonds, and the whole western economy depends on the US not going into a major recession which would happen if Japan starts selling their bonds off. So far it looks like it's the Europeans who are getting fucked because the US dumping euros to buy more yen, and the EU is buying it up as well. permalink fedilink source parent [–] pdxfed@lemmy.world 3 points 1 week ago There was a Honda joke missed there. permalink fedilink source parent
[–] yogthos@lemmy.ml [S] 4 points 1 week ago It's going to be interesting what happens this time around because Japan holds such a stupendous amount of American bonds, and the whole western economy depends on the US not going into a major recession which would happen if Japan starts selling their bonds off. So far it looks like it's the Europeans who are getting fucked because the US dumping euros to buy more yen, and the EU is buying it up as well. permalink fedilink source parent
[–] pdxfed@lemmy.world 3 points 1 week ago There was a Honda joke missed there. permalink fedilink source parent